Kim K. asks you to develop a demand forecast for her perfume line. Using the data provided, you find a regression model, y = 4 + 3.36x₁+ 5x₂, with the undernoted parameters.

Parameters:R²=0.70

Sig of F:0.04

p-value of x₁=0.05

p-value of x₂=0.08

x₁denotes Consumer Income

x₂denotes Advertising

y denotes Demand

Would you advise KIm that the above model can be (technically) used for forecasting(disregard your responses to any other related question)?

yes

no