Answer To: Using multiple regression, conduct an analysis of the company's sales revenue, consumer incomes, and...
David answered on Dec 20 2021
Using multiple regression, conduct an analysis of the company's sales revenue, consumer incomes, and
advertising with the below information:
Data below consists of dollar amount for advertising, sales, and consumer income for months January
through December.
January -advertising $10,000, sales $43,000, & consumer income $41,000
February - advertising $9,000, sales $40,500, & consumer income $43,000
March- advertising $11,000, sales $41,000, & consumer income $45,000
April- advertising $12,000, sales $45,900, & consumer income $47,000
May- advertising $11,000, sales $47,000, & consumer income $49,000
June- advertising $12,000, sales $51,000, & consumer income $51,000
July- advertising $13,000, sales $54,000, & consumer income $53,000
August- advertising $13,000, sales $57,000, & consumer income $55,000
September- advertising $14,000, sales $56,000, & consumer income $57,000
October- advertising $15,000, sales $60,000, & consumer income $58,000
November- advertising $15,800, sales $61,000, & consumer income $59,000
December- advertising $16,700, sales $63,000, & consumer income $61,000
From the given data, we have three cases to conduct a...