Dealer Advertising ($100s) Size (Acres)123456789101112131415161718192042818353419O 8941515232834373846495054585960606064661.1422.22.11.61.91.81.51.62.1PENER NG NENG2.51.71.52.21.71.52.1Use Excel to create a regression model relating customer traffic to advertising, size of the facilityand location. For location, use Suburban as the base case. What do you predict customer trafficto be for a Urban location with advertising of $28 hundred and a facility size of 2.7 acres?O 501LocationRuralUrbanSuburbanRuralUrbanSuburbanRuralRuralRuralSuburbanRuralRuralUrbanRuralSuburbanRuralRuralUrbanUrbanRuralTraffic170427323214390341261223299475321237428236383354258411387338172222232351819202124262829

Regression model is the description of relationship between one or more independent variables and a…

Dealer Advertising ($100s) Size (Acres) Location 1 Rural 2 Urban 3 Suburban Rural Urban Suburban Rural Rural Rural Suburban Rural Rural Urban Rural Suburban Rural Rural Urban Urban Rural 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 428 183 O 534 1 9 15 15 23 28 34 37 38 46 49 894 50 54 58 59 60 60 60 64 66 1.1 2.2 2.1 1.6 1.9 1.8 1.5 1.6 2.1 2.5 2 1.7 2 1.5 2 2.2 Use Excel to create a regression model relating customer traffic to advertising, size of the and location. For location, use Suburban as the base case. What do you predict custom to be for a Urban location with advertising of $28 hundred and a facility size of 2.7 acres O 501 1.7 2 1.5 2.1 Traffic 170 427 323 214 390 341 261 223 299 475 321 237 428 236 383 354 258 411 387 338

Dealer Advertising ($100s) Size (Acres) Location 1 Rural 2 Urban 3 Suburban Rural Urban Suburban Rural Rural Rural Suburban Rural Rural Urban Rural Suburban Rural Rural Urban Urban Rural 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 428 183 O 534 1 9 15 15 23 28 34 37 38 46 49 894 50 54 58 59 60 60 60 64 66 1.1 2.2 2.1 1.6 1.9 1.8 1.5 1.6 2.1 2.5 2 1.7 2 1.5 2 2.2 Use Excel to create a regression model relating customer traffic to advertising, size of the and location. For location, use Suburban as the base case. What do you predict custom to be for a Urban location with advertising of $28 hundred and a facility size of 2.7 acres O 501 1.7 2 1.5 2.1 Traffic 170 427 323 214 390 341 261 223 299 475 321 237 428 236 383 354 258 411 387 338

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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