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Question 2: 15 points A company has famous retail business in Canada, with stores in the top shopping malls in different provinces. So far, they
Question 2: 15 points A company has famous retail business in Canada, with stores in the top shopping malls in different provinces. So far, they have opened stores in seven provinces: Alberta, British Columbia, Quebec, Ontario, Manitoba, Nova Scotia and Saskatchewan. Up to the present moment, they don't consider managing shopping malls in new provinces, so all the commercial campaigns will be focused on the existing. They are interested in developing a model for predicting total expenditures and have collected data for different provinces and a regression has been conducted below in Stattools. Multiple Regression for Total Expenditures Multiple Adjusted Std. Err. of Summary R R-Square R-square Estimate 0.9621 0.9257 0.8992 1165307.685 Degrees of Sum of Mean of F ANOVA Table Freedom Squares Squares Explained 5 2.36869E+14 4.73738E+13 34.88644124 Unexplained 14 1.90112E+13 1.35794E+12 Standard Coefficient t-Value p-Value Regression Table Error Constant -38234229.4 11206425.75 -3.411813029 0.0042 Number Of Stores In Prime Locations 298438.9927 38678.469 7.715894667
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