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The 2021 monthly data below shows the number of TV ads run and the revenue of the XYZ company. Month TV Ads Revenue (M) January
The 2021 monthly data below shows the number of TV ads run and the revenue of the XYZ company.
Month | TV Ads | Revenue (M) |
January | 21 | 8.35 |
February | 180 | 22.76 |
March | 50 | 13.45 |
April | 195 | 21. 10 |
May | 96 | 15.00 |
June | 44 | 12.50 |
July | 171 | 20.70 |
August | 135 | 19.72 |
September | 120 | 16.12 |
October | 75 | 13.10 |
November | 106 | 15.67 |
December | 198 | 25.30 |
I need help in answering/interpreting the following questions using QM for windows.
- Write the regression equation.
- Interpret the slope and the y-intercept.
- Determine and interpret the coefficient of determination.
- Determine and interpret the coefficient of correlation.
- Test the significance of the null hypothesis at 0.05 level of significance.
- Forecast revenue at 100 TV ads run.
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