Question: ans please Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression model, y

ans please

Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression model, y = 4 - 3.36x4 + 2.00x2 with the undernoted parameters Parameters: R2=0.88 Sig of F: 0.04 D-value of x = 0,05 p.value of x2 0.04 *1 denotes Selling price x2 denotes Advertising y denotes Demand Kim asks you the following question - please answer her. Would an unit increase in advertising (x2) result in an increase of at least 3 units in Demand (y), on average, while keeping selling price unchanged? a. No b. Cannot say Oc Yes

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