Estimate the y-intercept for the sales history trend line.$45,000$95,000Other$80,000 **Data for the Case:**You have collected a data set with the average sales price over the past few years and assembled it into the table shown below.- **Year: 2014; Revenue: $80,000**- **Year: 2015; Revenue: $90,000**- **Year: 2016; Revenue: $95,000**- **Year: 2017; Revenue: $100,000**- **Year: 2018; Revenue: $115,000**- **Year: 2019; Revenue: $110,000**- **Year: 2020; Revenue: ?****Question:**Estimate the y-intercept for the sales history trend line.

Linear regression is a statistical method commonly used to analyze the relationship between a…

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Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Estimate the y-intercept for the sales history trend line. $45,000 $95,000 Other $80,000