Question: Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression output, y=4+3.36x1+5x2, with the

Kim K. asks you to develop a demand forecast for her

Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression output, y=4+3.36x1+5x2, with the undernoted parameters. Parameters: R2=0.77 Sig of F: 0.09 p-value of x1=0.01 p-value of x2=0.03 x1 denotes Consumer Income x2 denotes Advertising y denotes Demand Would you advise Kim that the above output can be used as a forecasting model, assuming that a confidence level of 95% is the norm? a. Cannot say b. Yes c. No

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