Question

Use simple linear regression to estimate the relationship between promotion and revenue for ABC Company. What will the revenue be when the promotion cost is 150?

Answer 1

Explanation:

Use simple linear regression to estimate the relationship between promotion and revenue for ABC Company. What will the revenue be ...

Answer 2

Answer:

$1059.51

Explanation:

Run a simple linear regression for promotion and revenue in excel you will get this answer y = 6.2716x + 118.77

where x equals 150 promotion cost.

thus y = 6.2716(150) + 118.77 = $1059.51

The correct answer is thus $1059.51

I hope it helps