A manufacturer of a leading brand of wooden furniture gathered average monthly sales figures from 26...

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A manufacturer of a leading brand of wooden furniture gathered average monthly sales figures from 26 showrooms in Manama and estimated the following demand for its product Q -5,200-42P+20 Px + 5.2Y + 0.2A + 0.25C (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) R2=0.55, n = 26 and D-W= 2.3 The variables and their assumed values are Q = Quantity sold per month. P Price of the product =BD500. Px Price of leading competitor's BD600. Y Per capita income = BD5,500. A Advertising expenditures 10,000. C number of consumers 5,000. (Numbers in brackets are the standard errors of coefficients) A manufacturer of a leading brand of wooden furniture gathered average monthly sales figures from 26 showrooms in Manama and estimated the following demand for its product Q -5,200-42P+20 Px + 5.2Y + 0.2A + 0.25C (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) R2=0.55, n = 26 and D-W= 2.3 The variables and their assumed values are Q = Quantity sold per month. P Price of the product =BD500. Px Price of leading competitor's BD600. Y Per capita income = BD5,500. A Advertising expenditures 10,000. C number of consumers 5,000. (Numbers in brackets are the standard errors of coefficients)