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Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of

Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors' advertising expenditures (thousands of dollars), X3 = advertised price (dollars per unit).

Predictor

Coefficient

Intercept

1,286.84

FloorSpace

13.87

CompetingAds

6.841

Price

0.1454

(a) Write the fitted regression equation. (Round your coefficient CompetingAds to 3 decimal places, coefficient Price to 4 decimal places, and other values to 2 decimal places. Negative values should be indicated by a minus sign.)

y^= _____________ + ___________ * FloorSpace + _____________ * CompetingAds + ______________ * Price

(d) Make a prediction for Sales when FloorSpace = 112, CompetingAds = 114, and Price = 1,386. (Enter your answer in thousands. Round your answer to 2 decimal places.)

Sales ________________ thousand

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