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Figure 1: Actual cketSalesaml PredictTicketSales for Bayern Mmich Tblte'l Sam -Pmmd TIC: Salas EEEE an: m For the following questions, please use the information provided

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Figure 1: Actual cketSalesaml PredictTicketSales for Bayern Mmich Tblte'l Sam -Pmmd TIC\": Salas EEEE an: m For the following questions, please use the information provided above and support your answers with calmlarions, if applicable. QNI. Please specify the log-log regression model for which Table 4 shows the results. Using betas (B) for regression coefcients and adopt compact notation for the club dummies using a summation sign (2.). QNZ. Please judge model [it based on Tables 2, 3 and 5. Q. (a) By what percentage do ticket sales go up with a 1% percent increase in publicity? By what percentage do ticket sales go up with a 1% percent increase in recruitment spend? By what percentage do ticket sales go up with a 1% percent increase in winning percentage? QN4. Figure 1 shows actual versus predicted annual ticket sales for Bayern Munich, one of the biggest soccer clubs. Please comment on this graph, while knowing that the club went to a much larger stadium in 2006. Is there any need to expand the regression model, and if so, what would you add to the model

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