Problems in Regression

Market Strategy

From the following market-segmentation study below, present three regression models for consumer durable goods expenditures (C) as a function of all possible combinations of net income (I) and family size (F).Please provide regression results along with regression equations.Analysis should be done using Excel.The market study is below:

In a market-segmentation study, data on net income (I) in thousands, family size (F), and expenditures on consumer durable goods (C) were collected from 20 randomly selected households:

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