In a company introducing a new product on the market it was decided to build a model explainingthe dependence of the sales volume Y (in thousands of units) on the tested price of the product X_1(in PLN) and expenditure on promotion and advertising of the product X_2 (in thousands of PLN).Based on the data given in the table belowXt220X+1Yt1516201930223123352530correlation coefficients between variables were calculated and obtained[-0, 980,86.Ro= - vector of correlation coefficients of the endogenous variable with potential explanatory variables,1-0,9- matrix of correlation coefficients between pairs of potential explanatory variables.R=-0,9Find:(e) Interpret the results obtainedUse Excel or MatLab or other.987 655

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 2AGP

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