Question: Gcommand C Capture b ) From your results in ( a ) , report the R 2 and interpret it , then discuss whether the

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b) From your results in (a), report the R2 and interpret it, then discuss whether the explanatory variables are significant at the 5% level of significance.
c) Check the signs of your estimated coefficients 1 and 2 in your regression and explain whether the signs are what we expect (think about how each variable impacts revenue. For the case of price, think about the relationship between elasticity of demand and price as discussed in your principles of microeconomics courses). Explain your reasoning.
d) Report the results on the joint hypothesis 1=2=0. Explain what is the alternative hypothesis and whether you reject or fail to reject the null hypothesis.
e) In the current week, the franchise had originally planned to spend $7,000 on advertising. According to the above results, does it make economic sense to increase advertising to $8000(an increase of $1000)? Explain your reasoning clearly.
Gcommand C Capture b ) From your results in ( a )

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