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Use your regression model to predict next months revenue advertising expense is expected to be 250,000 this month Philco Pharmacy wishes to determine the relationship

Use your regression model to predict next months revenue advertising expense is expected to be 250,000 this month image text in transcribed
Philco Pharmacy wishes to determine the relationship between advertising expense and sales revenue the following month. Philco ran an Excel regression analysis on 36 months of data and derived the Excel out below: n ) ANOVA Philco's advertising expenses have ranged from $138,000 per month to $180,000 per month since the company was started 3 years ago. Question A3 - Use your regression model to predict next month's revenue if advertising expense is expected to be $250,000 this month. (2 marks)

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