Advertisement ($'000)	Sales ($'000)
1068	4489
1026	5611
767	3290
885	4113
1156	4883
1146	5425
892	4414
938	5506
769	3346
677	3673
1184	6542
1009	5088

https://vle.phoenix.edu/courses/1/DAT_565_57861891/db/_77619590_1/embedded/dat565_v4_wk5_discussion_scatter_plot.png

Do you observe a relationship between both variables?

• What does the slope tell us? Is the slope significant?
• What is the intercept? Is it meaningful?
• What is the value of the regression coefficient, r? What is the value of the coefficient of determination, r^2? What does r^2 tell us?
• Share a business scenario in which using a model could be beneficial.