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 for90 days,wherexis the day. The model can be written as follows:
?= 103.38 + 2.45x
where?is in thousands of dollars.
What would you predict the sales to be on day60? (Enter an exact number as an integer, fraction, or decimal.)
_____thousand dollars

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: y = 103.38 + 2.45x where y is in thousands of dollars. What would you predict the sales to be on day 60? (Enter an exact number as an integer, fraction, or decimal.) thousand dollars Additional Materials eBook
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
