Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. Problem 3-29 (Algo)Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand fortheir line of company speakers. He is uncertain whether the unit price of the product or the effects of increased marketing are themain drivers in sales and wants to use regression analysis to figure out which factor drives more demand for its particular market.Pertinent information was collected by an extensive marketing project that lasted over the past 12 years and was reduced to the datathat follow:YEARLE3AF89g124567101112UNIT SALES PRICE $ PERUNIT282225212218225199229208221y bar =(THOUSANDS)3956908951,3031,1621,1948951,2059811,234865810212215244+ADVERTISING($000)6218221,2051,4041,2111,303865a. Perform a regression analysis based on these data using Excel.Note: Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.1,205692865692692Price+advertising c. Predict average yearly speaker sales for Speakers and Company based on the regression results if the price was $295 per unit andthe amount spent on advertising (in thousands) was $895.Note: Enter your answer in thousands. Round your intermediate calculations and final answer to 2 decimal places.Forecasted salesthousand units

Regression analysis is a statistical tool that plays an important part in the logistics and…

Answered: a. Perform a regression analysis based…

a. Perform a regression analysis based on these data using Excel. Note: Negative values should be indicated by a minus sign. Round your answers to 4 decimal places. y bar = Price advertising

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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