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You estimate the following sales model for your company. Weekly Sales = a +b1 Price +b2 Advertisement +b3 Competitor Whato, Advertisement =0 if your company's

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You estimate the following sales model for your company. Weekly Sales = a +b1 Price +b2 Advertisement +b3 Competitor Whato, Advertisement =0 if your company's product is not advertised during the week. = 1 If your company's product is advertised during the woek Competitor =0 if your competitor's product is not advertised during the week. =1 it your compottor's product is advertised during the weak. and obtain the following results: Based on the retuns, the folowng can oe inphed - The effect of compettor is significantly effecting the sales You estimate the following sales model for your company: Weekly Sales =a+b1 Price +b2 Advertisement +b3 Competitor Where, Advertisement =0 if your company's product is not advertised during the week =1 if your company's product is advertised during the week Competitor =0 if your competitor's product is not advertised during the week =1 if your competitor's product is advertised during the week and obtain the following results: Based on the results, the following can be implied The effect of competitor is significantly effecting the sales. Yes No

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