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A - Based on above regression output, formulate an equation to estimate Sales of a store based on square footage ( sq . feet )
A Based on above regression output, formulate an equation to estimate Sales of a store based on square footage sq feet Showroom Inventory, Advertising Budget, Market Size, and # of local competitors.
B Observe the significantF in ANOVA table and comment on the goodness of the regression at significant level. Is this regression suitable for application in sales estimation? Explain.
C What percentage of variation in Sales is explained by use of these independent variables? Explain.
D Rank the independent variables based on their degree of contribution to Sales highest contribution to lowest contribution.
E If the advertising budget is increased by $ what is the incremental increase in Sales?
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