=+59. Misinterpretations. An advertising agent who created a regression model using amount spent on Advertising to predict

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=+59. Misinterpretations. An advertising agent who created a regression model using amount spent on Advertising to predict annual Sales for a company made these two statements. Assuming the calculations were done correctly, explain what is wrong with each interpretation.

a) My R2 of 93% shows that this linear model is appropriate.

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Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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