Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have weekly store-level unit sales data as well as binary promotion information about if the product was on display or not. You run a

image text in transcribed
You have weekly store-level unit sales data as well as binary promotion information about if the product was on display or not. You run a linear regression model [yumhmles 2 g + lmdispgy) where the dependent variable is unit sales and the independent variable is the display [Yes=1 and No=0) and get the following output. Parameter standard I p_- Estimate error statistic value Intercept 158.69 20.29 7.82 .001 Display 238.33 33.62 7.09 .001 Using the Display variable, imagine that you made a new independent variable NoDisplay, such that NoDisplay=0 when Display=1 and NoDisplay=1 when Display=0. You run a second linear regression using the same data and the NoDisplay variable [yummages 2 g + 15133;\") displayl- Regarding these two models, which if the following statements is FALSE? Parameter standard t p_- Estimate error statistic value Intercept ? ? ? ? NoDisplay ? ? ? ? O The estimate of the NoDisplay parameter will be the same as the Display parameter in the rst model. only the sign will change 0 The estimate for the intercept will be the same 0 The t statistic for the NoDisplay parameter will be the same as the Display parameter in the rst model. only the sign will change 0 The p-value for the NoDisplay parameter will be the same as the Display parameter in the rst model

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Consumer Behavior Buying, Having and Being

Authors: Michael R. Solomon

11th edition

978-0133451153, 133450899, 133451151, 978-0133450897

More Books

Students also viewed these Marketing questions

Question

Explain class distinctions in the United States and India.

Answered: 1 week ago