Apply the Regression Model and find out b0 and b1, additionally, try to find out Karl Person’s Correlation Coefficient. Write the interpretation covering correlation and estimated quantities in...



  1. Apply the Regression Model and find out b0 and b1, additionally, try to find out Karl


Person’s Correlation Coefficient. Write the interpretation covering correlation and estimated quantities in regression analysis (b0 and b1 only).


The below-given table shows the Region wise sales of Govind Chips, the data is collected for 26 districts of Gujarat. The reference period of this data is 2019-2020.


Sales figures are in lakhs and spending on the advertisement is also given in Lakhs.













































































































































District



Sales


(00,000'


INR)



Amount


spending on Advertisement


(00,000' INR)



Kachchh



40



3.6



Banas Kantha



19



2.1



Patan



20



2.2



Mahesana



30



2.5



Sabar Kantha



27



2.3



Gandhinagar



50



6



Ahmadabad



49



5



Surendranagar



26



2.3



Rajkot



45



3.7



Jamnagar



48



3.8



Porbandar



14



1.7



Junagadh



44



3.6



Amreli



32



2.8



Bhavnagar



29



2.3



Anand



33



3



Kheda



14



1.8



Panch Mahals



45



3.9



Dohad



13



1.5



Vadodara



49



4.5



Narmada



25



2



Bharuch



39



3.5



The Dangs



11



1



Navsari



18



2



Valsad



30



2.9



Surat



48



4



Tapi



17



1.9




Jun 09, 2022
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