Question: A regression model between sales ( y in $ 1 , 0 0 0 ) , unit price ( x 1 in dollars ) and
A regression model between sales y in $ unit price x in dollars and television advertisement X in dollars resulted in the following function: This is a Thought critical thinking analytical type problem Try your best!
yhat xx
The coefficient of the unit price indicates that if the unit price is
a
increased by $holding advertising constant sales are expected to increase by $
b
increased by $holding advertising constant sales are expected to decrease by $
c
decreased by $holding advertising constant sales are expected to decrease by $
d
increased by $holding advertising constant sales are expected to increase by $
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