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This question requires you to use Data4 file. Run a simple linear regression using Best Buy revenue (measured in million$) as the dependent variable and
This question requires you to use Data4 file.
- Run a simple linear regression using Best Buy revenue (measured in million$) as the dependent variable and GDP (measured in million$) as the independent variable. Report the estimated regression line.
- Use the last observation in the dataset for GDP to predict the expected revenue for Best Buy. State the correct unit of your prediction.
- Test at the 10% significance level if revenue and GDP are positively and significantly related. State the hypothesis, criteria used, decision and conclusion.
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