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Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y-mDX0+b format. (Round answers to 2 decimal places, eg 15.25) Y-S X+5

Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y-mDX0+b format. (Round answers to 2 decimal places, eg 15.25) Y-S X+5

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Nick's Tree Trimming Service was really taking off! He was thrilled that he needed to hire three more employees to keep up with all the work. He realized that his years-long strategy of investing in a marketing plan clearly must have something to do with it. As soon as the business idea was conceived, Nick made a strategic plan that included consistent marketing efforts at steady intervals throughout each year. Every quarter, he updated his messaging, with input from his marketing vendor, and got his updated message out to the public. His quarterly marketing expenses along with the corresponding revenues are as follows. O Show Transcribed Text Quarter 1 2 3 4 5 6 7 8 9 10 11 12 Marketing Cost 12,000 $10,000 $220,000 12,000 14,000 14,000 16,000 16,000 18,000 18,000 20,000 20,000 C 22,000 Revenues 260,000 330,000 410,000 450,000 425,000 480,000 430,000 470,000 490,000 510,000 470,000
Transcribed Image Text:Nick's Tree Trimming Service was really taking off! He was thrilled that he needed to hire three more employees to keep up with all the work. He realized that his years-long strategy of investing in a marketing plan clearly must have something to do with it. As soon as the business idea was conceived, Nick made a strategic plan that included consistent marketing efforts at steady intervals throughout each year. Every quarter, he updated his messaging, with input from his marketing vendor, and got his updated message out to the public. His quarterly marketing expenses along with the corresponding revenues are as follows. O Show Transcribed Text Quarter 1 2 3 4 5 6 7 8 9 10 11 12 Marketing Cost 12,000 $10,000 $220,000 12,000 14,000 14,000 16,000 16,000 18,000 18,000 20,000 20,000 C 22,000 Revenues 260,000 330,000 410,000 450,000 425,000 480,000 430,000 470,000 490,000 510,000 470,000
Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y=mX) + b format. (Round answers to 2 decimal places, eg 15.25) Y=S X+5
Transcribed Image Text:Run the regression model in Excel and evaluate it for goodness of fit, significance of the independent variable, and economic plausibility. Specify your final model in Y=mX) + b format. (Round answers to 2 decimal places, eg 15.25) Y=S X+5
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