4. CHAPTER 4 . Define and detail a relevant question that you need to answer planning your business operations. This has to be done in terms of a regression analysis: it has to have a DEPENDENT variable (V), that can be explained by changes in an INDEPENDENT variable (X). An example studied in the lecture is Sales (Y) that depend on dollars spend in advertising (X). In this case, sales depend on how much the firm spends on advertising. You need to find a relationship that is relevant to your business and product and depends of your product distinctiveness. Search for data either from a company that is up and running already or come up with the data based on your own guesstimates, founded on your knowledge of your market (make sure you explain your reasoning). Come up with 50 datapoints for the dependent variable (Y), and 50 datapoints for the independent variable IX). That's all you need to run a regression The business is exotic dog breeding 4. CHAPTER 4 . Define and detail a relevant question that you need to answer planning your business operations. This has to be done in terms of a regression analysis: it has to have a DEPENDENT variable (V), that can be explained by changes in an INDEPENDENT variable (X). An example studied in the lecture is Sales (Y) that depend on dollars spend in advertising (X). In this case, sales depend on how much the firm spends on advertising. You need to find a relationship that is relevant to your business and product and depends of your product distinctiveness. Search for data either from a company that is up and running already or come up with the data based on your own guesstimates, founded on your knowledge of your market (make sure you explain your reasoning). Come up with 50 datapoints for the dependent variable (Y), and 50 datapoints for the independent variable IX). That's all you need to run a regression The business is exotic dog breeding