These are records for 7 months in 1000s: Monthly expenditure on 21 25 billboards 16 42 34 10 19 Monthly sales Develop a
These are records for 7 months in 1000s: Monthly expenditure on 21 25 billboards 16 42 34 10 19 Monthly sales Develop a
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Many small companies buy advertising without considering its effect. The marketing manager is trying
to make the case that "you have to spend money to make money." Spending on billboard
advertise ments, in the manager's opinion, has a direct effect on sales. These are records for 7 months in
1000s:
Monthly expenditure on 21 25
billboards
16 42 34 10 19
Monthly sales
Develop a regression estimating equation. If the monthly expenditure on billboards is 20,000/- what is
the monthly sale generated
34 14 48 32 26 29 20
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