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3 The manager of Collins Import Autos believes the number of cars sold in a day (Q) depends on two factors: (1) the number of
3 The manager of Collins Import Autos believes the number of cars sold in a day (Q) depends on two factors: (1) the number of hours the dealership is open (H) and (2) the number of salespersons working that day (S). After collecting data for two months (53 days), the manager estimates the following log-linear model: Q = aHbSc a. Explain how to transform this log-linear model into a linear form that can be estimated using multiple regression analysis. The computer output for the multiple regression analysis is shown below: DEPENDENT VARIABLE: LNQ R - SQUARE F - RATIO P - VALUE ON F OBSERVATIONS : 53 0. 5452 29.97 0. 0001 PARAMETER STANDARD VARIABLE ESTIMATE ERROR T - RATIO P - VALUE INTERCEPT 0.9162 0.2413 3.80 0. 0004 LNH 0. 3517 0. 1021 3.44 0. 0012 LNS 0 . 2550 0. 0785 3.25 0. 0021
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