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 + 2.84x2, 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 Selling price X2 denotes Advertising y denotes Demand Would a unit increase in advertising (x2) result in an increase Kim asks you the following question - please answer of 2.84 units in Demand (y)? a. Yes, because for a unit increase in x2, y increases by 2.84 units, provided x1 is kept constant b. Yes, because for a 3.36 units increase in y, x2 increases by 1 unit c. No, because for a unit increase in y, x increases by 3.36 units d. Yes, because for a unit increase in x2, y increases by 2.84 units on average, provided x1 is kept constant 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 + 2.84x2, 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 Selling price X2 denotes Advertising y denotes Demand Would a unit increase in advertising (x2) result in an increase Kim asks you the following question - please answer of 2.84 units in Demand (y)? a. Yes, because for a unit increase in x2, y increases by 2.84 units, provided x1 is kept constant b. Yes, because for a 3.36 units increase in y, x2 increases by 1 unit c. No, because for a unit increase in y, x increases by 3.36 units d. Yes, because for a unit increase in x2, y increases by 2.84 units on average, provided x1 is kept constant

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