Question: A multiple regression model between sales ( y in $ 1 , 0 0 0 ) , unit price ( x 1 in dollars )
A multiple regression model between sales y in $ unit price x in dollars and television advertisement x in dollars resulted in the following function:
y xx
For this model, SSR SSE and the sample size is The coefficient of the unit price indicates that if the unit price is:
Group of answer choices
increase by $holding advertisement constant sales are expected to decrease by $
decreases by $holding advertisement constant sales are expected to decrease by $
increase by $holding advertisement constant sales are expected to decrease by $
increase by $holding sales constant sales are expected to increase by $
none of the above.
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