a. CAR Sales = Bo + B1Y - B2P car - B3SUV + e In the above equation: Y disposable income:

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a. CAR sales = 30 + B1Y - B2Pcar - B3SUV + e
In the above equation:
Y: disposable income;
P: Price of the car;
car
SUV: sport-utility vehicle
How would you set up the t-tests for each ß? And why
b. What other tests would you also consider and why.
Transcribed Image Text:a. CAR sales = 30 + B1Y - B2Pcar - B3SUV + e In the above equation: Y: disposable income; P: Price of the car; car SUV: sport-utility vehicle How would you set up the t-tests for each ß? And why b. What other tests would you also consider and why.
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