A researcher investigating the determinants of hamburger sales in a particular restaurant in the US fits the
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Question:
A researcher investigating the determinants of hamburger sales in a particular restaurant in the US fits the following model:
Sales? = ?? + ??Price? + ??Advert? + e?
The variables are defined as below.
Sales | Monthly sales revenue of hamburgers sales in thousands of dollars |
Price | Price of hamburgers in dollars |
Advert | Advertising expenditure in dollars |
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