Question: An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March).
An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March). The model is good for 90 days, where x is the day. The model can be written as follows:
= 101.32 + 2.48x where is in thousands of dollars.
What would you predict the sales to be on day 90?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
