A retail company wants to understand the factors that impact its sales revenue. The company has collected data on the following variables for the past 5 months: Total sales revenue (Y), Average store foot traffic (XI), and Marketing budget (X3). Develop a multiple linear regression model to predict that, what is the impact of average store foot traffic, and marketing budget on total sales revenue for the retail company. The data is summarized in Table 4.Table 4Average Store foot traffic (X1)Sales Revenue (Y) 50$5130S45$48$76120$200$60$70854Marketing Budget (X2)130$250$Note: Average Store foot traffic is the average number of people enter in the store per minute collected data on the following variables for the past 5 months: Total sales revenue (Y), Average storeA retail company wants to understand the factors that impact its sales revenue. The company hasfoot traffic (X1), and Marketing budget (X3). Develop a multiple linear regression model to predictthat, what is the impact of average store foot traffic, and marketing budget on total sales revenue forthe retail company. The data is summarized in Table 4.Sales Revenue (Y)50$45$48$Table 4Average Store foot traffic (XI)5760$70$6200$130$250$Note: Average Store foot traffic is the average number of people enter in the store per minuteMarketing Budget (X2)130$120$54

Given information: The data for Y, X1, and X2 is given.

Answered: collected data on the following…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

A retail company wants to understand the factors that impact its sales revenue. The company has collected data on the following variables for the past 5 months: Total sales revenue (Y), Average store foot traffic (XI), and Marketing budget (X3). Develop a multiple linear regression model to predict that, what is the impact of average store foot traffic, and marketing budget on total sales revenue for the retail company. The data is summarized in Table 4. Table 4 Average Store foot traffic (X1) Sales Revenue (Y) 50$ 5 130S 45$ 48$ 7 6 120$ 200$ 60$ 708 5 4 Marketing Budget (X2) 130$ 250$ Note: Average Store foot traffic is the average number of people enter in the store per minute