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The Following Regression Model Has Been Proposed to Predict Sales Y^\hat { Y }

Question 102

Short Answer

The following regression model has been proposed to predict sales at a computer store.
Y^\hat { Y } = 50 - 3X1 + 20X2 + 10X3
where
X1 = competitor's previous days sales in $1,000s) X2 = population within 1 mile in 1,000s)
X3 =
= sales in $1,000s)
Y^\hat { Y } Predict sales in dollars) for a store with the competitor's previous day's sale of $5,000, a population of 20,000 within 1 mile, and nine radio advertisements.

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