Question: Suppose an analyst used Excel do generate a simple linear regression model describing the relationship between price (in dollars) and demand (in units) for his

Suppose an analyst used Excel do generate a simple linear regression model describing the relationship between price (in dollars) and demand (in units) for his company's flagship product. The resulting regression equation is

demand = 5,750 + -13.5 price

using the regression equation given above, calculate the product demand if price were $32 dollars.

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