The equation used to predict the stock price (in dollars) at the end of the year for
Question:
The equation used to predict the stock price (in dollars) at the end of the year for a restaurant chain is
ŷ = -86 + 7.46x1 - 1.61x2
where x1 is the total revenue (in billions of dollars) and x2 is the shareholders’ equity (in billions of dollars). Use the multiple regression equation to predict the y-values for the values of the independent variables.
(a) x1 = 27.6, x2 = 15.3
(b) x1 = 24.1, x2 = 14.6
(c) x1 = 23.5, x2 = 13.4
(d) x1 = 22.8, x2 = 15.3
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Elementary Statistics Picturing The World
ISBN: 9780134683416
7th Edition
Authors: Ron Larson, Betsy Farber
Question Posted: