An analyst is interested in predicting annual sales for XYZ Company, a maker of paper products. The following table reports a regression of the annual sales for XYZ against paper product industry sales: Parameter Estimate Standard Error of Estimate -94.88 32.97 0.0363 Intercept Slope (Industry Sales) 0.2796 What is the predicted market share of XYZ if sales are unit elastic? Enter a percent (WITHOUT THE PERCENT SIGN) and round to two decimal places as in 3.14. Type your answer...

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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An analyst is interested in predicting annual sales for XYZ Company, a maker of paper products. The following table
reports a regression of the annual sales for XYZ against paper product industry sales:
Parameter
Estimate
Standard Error of Estimate
-94.88
32.97
0.0363
Intercept
Slope (Industry Sales)
0.2796
What is the predicted market share of XYZ if sales are unit elastic? Enter a percent (WITHOUT THE PERCENT SIGN) and
round to two decimal places as in 3.14.
Type your answer...
Transcribed Image Text:An analyst is interested in predicting annual sales for XYZ Company, a maker of paper products. The following table reports a regression of the annual sales for XYZ against paper product industry sales: Parameter Estimate Standard Error of Estimate -94.88 32.97 0.0363 Intercept Slope (Industry Sales) 0.2796 What is the predicted market share of XYZ if sales are unit elastic? Enter a percent (WITHOUT THE PERCENT SIGN) and round to two decimal places as in 3.14. Type your answer...
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