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A Regression Analysis Between Sales (In $1000) and Advertising (In

Question 14

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A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 84 +7X. This implies that if there is no advertising, then the predicted amount of sales (in dollars) is $84,000. = 84 +7X. This implies that if there is no advertising, then the predicted amount of sales (in dollars) is $84,000.

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