Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory variables that could be used are:

Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory variables that could be used are: population density within a specific radius (X1), traffic flow (X2), the number of competitors (X3), and the ease of entry into and out of the proposed site (X4). An abbreviated computer printout of a linear analysis yields: DEPENDENT VARIABLE: Y N: 12 R: .986 R SQUARED: .972 STANDARD ERROR: 3800 VARIABLE COEFFICIENT CONSTANT 124,000 X1 5 X2 350 X3 -1,700 X4 4,000 Question The technique being used is called A. Integrated autoregressive-moving average (ARIMA) modeling. B. Linear programming. C. Multiple regression analysis. D. Exponential smoothing, multiple parameters.

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

Health Auditing As A Tool For Quality Care Case Studies

Authors: Camila Freire

1st Edition

6206344169, 978-6206344162

More Books

Students also viewed these Accounting questions