The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 Coefficientsandard Err t Stat P-value ! 0.56972 31232.5 46332.7 0.67409 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439

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The table below shows the regression output with sales as the dependent
variable and advertising expenditure ($) and time period, t as the
independent variables. What is the estimated sales when the advertising
expenditure is $1000 and the time period is 5?
Intercept
Advertising exp
t
O 120000
O 121769
O 140000
O 150000
. Previous
Gra
Coefficientsandard Errt Stat
P-value !
31232.5 46332.7 0.67409
0.56972
-0.06504 1.21555 -0.05351 0.96219
18120.3 10091.3 1.79565 0.21439
^
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1:47 PM
5/8/2023
Transcribed Image Text:The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 . Previous Gra Coefficientsandard Errt Stat P-value ! 31232.5 46332.7 0.67409 0.56972 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439 ^ Next ▸ 1:47 PM 5/8/2023
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