Question: Multiple regression analysis - regression model with more than one independent (predicting) variable: y^=a+b1x1+b2xx++bnxn Suppose that a marketing firm collected data over the past 12
Multiple regression analysis - regression model with more than one independent (predicting) variable: y^=a+b1x1+b2xx++bnxn Suppose that a marketing firm collected data over the past 12 months for the number of new clients and conducted a regression analysis. They learned that the number of new clients per month, y^, is associated with x1, the sales improvement index of the active clients in the previous month, and x2, the consumer eonfidence index of the previous month according to the following equation y^=6.5+0.025x1+0.05x2. If the sales improvement index is 10 for active clients and the consumer confidence index is 85 , the rew client forecast for the next month is how many new clients? Enter a whole number
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
