Question
Assume you have weekly store-level data similar in format to the data we worked on in class. You estimate the following models using that data
Assume you have weekly store-level data similar in format to the data we worked on in class. You estimate the following models using that data and get the following results...
Model A: unitsales=0+1xdisplayunitsales=0+1xdisplay
Estimate | Std. Error | t value | Pr(>|t|) | |
(Intercept) | 1159.891 | 60.328 | 19.226 | 0.000 |
Display | 183.967 | 23.121 | 7.957 | 0.000 |
Model B: unit.sales=0+1xdisplay+2xpriceunit.sales=0+1xdisplay+2xprice
Estimate | Std. Error | t value | Pr(>|t|) | |
(Intercept) | 922.444 | 65.679 | 14.045 | 0.000 |
Display | 183.967 | 23.121 | 7.957 | 0.000 |
Price | -170.339 | 14.847 | -11.473 | 0.000 |
Given this information, all of the following statements are true EXCEPT...
Group of answer choices
the r-square for the second model (B) is higher than the first (A)
there is some non-zero correlation between display and price
there is positive correlation between display and sales
there is negative correlation between price and sales
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