The Excel file Concert Sales provides data on sales dollars and the number of radio, TV, and
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The Excel file Concert Sales provides data on sales dollars and the number of radio, TV, and newspaper ads promoting the concerts for a group of cities. Develop simple linear regression models for predicting sales as a function of the number of each type of ad. Compare these results to a multiple linear regression model using both independent variables. Examine the residuals of the best model for regression assumptions and possible outliers.
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Concert Sales Thousands of Thousands of Sales 1000 RadioTV ads Newspaper ads 111900 0 40 97300 0 40 87500 25 25 62500 25 25 91000 30 30 97100 30 30 93100 35 35 117700 35 35 88200 40 25 98200 40 25 162...View the full answer
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