Question: Kim K. asks you to develop a sales forecast for her perfume line. Using the data provided, you find a regression model, y = 4
Kim K. asks you to develop a sales 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= 0.88Sig of F: 0.04p-value of x1= 0.05p-value of x2= 0.04x1 denotes Consumer Incomex2 denotes Advertisingy denotes DemandAll variables are measured in $.Kim asks, "If I increase my advt by $10.00, would my sales go up by $50, on average"? Please respond using the best option from those provided below.a.Yes, because for a 5 unit increase in y, x1 increases by 1 unit b.= c.Yes, because for a unit increase in x2, y increases by 5 units on average, provided x1 kept constant d.No, because for a unit increase in y, x2 increases by 3.36 units
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