You were tasked to study the impact of advertising costs to the customer acquisition. To implement this, the quarterly data for the past 2 years was provided. Create a regression line that fits the data and justify if the said data fits the curve. Sales ($) Advertising Costs ($) Quarter Additional Customers Q12020 1,900 124 20,290 Q22020 2,100 105 41,000 Q32020 2,500 150 49,500 Q42020 3,000 300 80,000 Q12021 3,000 200 83,200 Q22021 2,800 220 120,000 Q32021 3,300 315 161,000 Q42021 3,300 320 189,000 Activate

You were tasked to study the impact of advertising costs to the customer acquisition. To implement this, the quarterly data for the past 2 years was provided. Create a regression line that fits the data and justify if the said data fits the curve. Sales ($) Advertising Costs ($) Quarter Additional Customers Q12020 1,900 124 20,290 Q22020 2,100 105 41,000 Q32020 2,500 150 49,500 Q42020 3,000 300 80,000 Q12021 3,000 200 83,200 Q22021 2,800 220 120,000 Q32021 3,300 315 161,000 Q42021 3,300 320 189,000 Activate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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