Question: Using the data that you are provided in SalesData , fit a linear price - response function using regression. Explain the results of your regression

Using the data that you are provided in SalesData, fit a linear price-response function using
regression. Explain the results of your regression analysis. Do you think there was a good fit?
Question 2: Based on your analysis in Question 1, what do you think the demand will be in this store if the
retail price for Alo is 499.90 TL? How confident are you in your answer? If you were to stock up inventory for
daily demand (on a day where you charge 499.90 TL retail price), how many units will you start the day if you
want to have a no stock-out probability of 99.5%?

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