Question: Use the variables mean amount per transaction and number of associates to forecast net sales. Are these two independent variables reasonable predictors of net sales?

Use the variables mean amount per transaction and number of associates to forecast net sales. Are these two independent variables reasonable predictors of net sales?

Because all of these variables are associated with time, it may be that there is autocorrelation. Conduct the appropriate test of hypothesis to determine if there is autocorrelation present. What is your conclusion? Again, use the .05 significancelevel.

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Here is the output from regression software The term ticket is used for the amount per transaction The regression equation is Sales 44777 1103 Ticket ... View full answer

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