Please help me the clear solution of this answer. Thank you in advance 4.A corporation imposes different price increases on its product in eight different regions of thecountry and measures over the next year changes in sales volume. The results are shown in theaccompanying table.108Changein4Price(Percentage7.37.44.65.35.0-1.02.9Changein5.2Sales(Percentagea. Find correlation coefficient between change in price and change in sales and test it whether it isstatistically significant at 0.05 significance level.b. Determine which variable is dependent variable and which variable is independent variable basedon the original variables, estimate the regression model and interpret the model.c. Run hypothesis testing at 0.05 significance level whether the regression coefficient b, is statisticallysignificant or not.d. Calculate R2 value and interpret the resulte.Predict the dependent variable value when independent variable is 4.8 and interpret the result.

Name: Please help me the clear solution of this answer. Thank you in advance
Uploaded: 2024-03-20T07:07:37.000Z
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Description: Please help me the clear solution of this answer. Thank you in advance 4.A corporation imposes different price increases on its product in eight different regions of thecountry and measures over the next year changes in sales volume. The results are