Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March).

An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March). The model is good for90 days,wherexis the day. The model can be written as follows:

?= 103.38 + 2.45x

where?is in thousands of dollars.

What would you predict the sales to be on day60? (Enter an exact number as an integer, fraction, or decimal.)

_____thousand dollars

image text in transcribed
An electronics retailer used regression to find a simple model to predict sales growth in the first quarter of the new year (January through March). The model is good for 90 days, where x is the day. The model can be written as follows: y = 103.38 + 2.45x where y is in thousands of dollars. What would you predict the sales to be on day 60? (Enter an exact number as an integer, fraction, or decimal.) thousand dollars Additional Materials eBook

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Recent Developments Of Mathematical Fluid Mechanics

Authors: Herbert Amann, Yoshikazu Giga, Hideo Kozono, Hisashi Okamoto, Masao Yamazaki

1st Edition

3034809395, 9783034809399

More Books

Students also viewed these Mathematics questions

Question

Summarize the impact of stress on physical well-being.

Answered: 1 week ago

Question

Know why employees turn to unions

Answered: 1 week ago

Question

Understand the process of effective succession planning

Answered: 1 week ago

Question

Understand the history of unionization

Answered: 1 week ago