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a) Develop a simple regression model that determines the relationship between sales and price for ABC Sports Health Clubs in two regions; Region 3 and

a) Develop a simple regression model that determines the relationship between sales and price for ABC Sports Health Clubs in two regions; Region 3 and Region 4. i. What is the estimated regression equation? ii. Is price a significant determinant of sales? At what level of significance? iii. Add income. 'What is the regression equation? iv. What is the demand elasticity and income elasticity for June 2020? Interpret your answers

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