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e. Suppose the owner is hopeful that the new project will have 10,000 backers. In this question we will predict its funding level. 200 DATE
e. Suppose the owner is hopeful that the new project will have 10,000 backers. In this question we will predict its funding level. 200 DATE i) Write out the generic version of the estimated model (equation) from the lecture videos. ii) Re-write the estimated model but replace bo and b with the values in your Excel output. iii) Re-write the estimated model from your previous answer but replace y and x with the variables' names from this example. iv) Re-write the estimated model from your previous answer but replace the BACKERS variable with the number of new backers the owner believes this project will have. v) Use your answer to the previous question to calculate the project's predicted funding level. Do not round your intermediate calculations. (It is easiest to do the calculations in Excel.) Record the predicted funding, rounding your final answer to the nearest dollar
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