Question: Exercise 1 4 . 4 ( Dataset Fresh ) Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to study the relationship
Exercise Dataset Fresh
Enterprise Industries produces Fresh, a brand of liquid laundry detergent. In order to study the
relationship between price and demand for the large bottle of Fresh, the company has gathered
data concerning demand for Fresh over the last sales periods each sales period is four
weeks Here, for each sales period,
y demand for the large bottle of Fresh in hundreds of thousands of bottles in the sales
period, and
x the difference between the average industry price in dollars of competitors similar
detergents and the price in dollars of Fresh as offered by Enterprise Industries in the sales
period.
Data is included in the Excel dataset Fresh. Use SAS to perform the simple linear regression
analysis and answer the following questions.
a pts Find the least squares point estimates and
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