Question: Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression model, y = 4

Kim K. asks you to develop a demand forecast for

Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression model, y = 4 + 3.36x1 + 5x2, with the undernoted parameters. Parameters: R2=0.88 Sig of F: 0.04 p-value of x1 = 0.05 p-value of x2= 0.04 x1 denotes Consumer Income x2 denotes Advertising y denotes Demand Kim asks you the following question - please answer it. What value of x1 would result in a forecasted value of 55.80 for y? x2 = 7. a. 8 Ob. 9 OC. 70 d. 5

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