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

Question 164

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A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: = 60 + 5x. This implies that an increase of $1 in advertising is expected to result in an increase of $65 in sales. = 60 + 5x. This implies that an increase of $1 in advertising is expected to result in an increase of $65 in sales.

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