As the new market manger for Blue Crunchies breakfast cereal, you are asked to estimate the demand

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As the new market manger for Blue Crunchies breakfast cereal, you are asked to estimate the demand for next month using regression analysis. Two months ago the target market had 20,000 families and sales were 3,780 boxes and, 1 month ago the target market was 40,000 families and sales were 5,349 boxes. Next month you plan to target 75,000 families. How would you respond to the request to use regression analysis and the currently available data to estimate sales next month?

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Related Book For  answer-question

Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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