GSU is trying to predict how price of books predict the quantity of books sold over the semesters. Perform a liner regression analysis, and and find the best model to predict quantity of books to stock in the book store. Make recommendation at setting the prices and quantity at their optimum values for maximizing quantity of books sold. Be prepared to discuss your analysis. Quantity Price 180 475 590 400 430 450 250 550 275 575 720 375 660 375 490 450 700 400 210 500

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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GSU is trying to predict how price of books predict the quantity of books sold over the semesters. Perform a liner regression analysis, and and find the best model to predict quantity of books to stock in the book store. Make recommendation at setting the prices and quantity at their optimum values for maximizing quantity of books sold. Be prepared to discuss your analysis.
Quantity Price
180 475
590 400
430 450
250 550
275 575
720 375
660 375
490 450
700 400
210 500
 
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