Question: solve In the regression equation Sales = 5000 + 2000 AdvertisingSpend, what does the intercept 5000 represent? The increase in sales for each unit increase
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In the regression equation Sales = 5000 + 2000 AdvertisingSpend, what does the intercept 5000 represent? The increase in sales for each unit increase in advertising spend The total sales The error term The base level of sales with no advertising spendStep by Step Solution
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