Suppose you have the following information about number of dollars spent on advertising, X, and amount of
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Suppose you have the following information about number of dollars spent on advertising, X, and amount of car sales, Y: Cov(X,Y) = 500, Var(X) = 250, Var(Y) = 1,000, mean of X = 1,000, and mean of Y = 2,500. Use this information to estimate the parameters a and b.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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