Explore BrainMass
Share

Explore BrainMass

    Develop Regression Graph

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A company is interested in knowing which the potential sales are next year if you use $ 20,000 in advertising expenses. The company uses the information from previous years to make its sales forecast.
    The data are:
    Year Sales Advertising
    $000 $ 000

    1 15 2
    2 25 3
    3 45 3
    4 95 5
    5 130 8
    6 180 9
    7 240 12
    8 300 14

    Develop Regression graph for this problem.

    © BrainMass Inc. brainmass.com October 10, 2019, 12:38 am ad1c9bdddf
    https://brainmass.com/economics/regression/develop-regression-graph-300179

    Solution Summary

    The expert develops regression graphs for potential sales. A complete, neat and step-by-step solution is provided in the attache Excel file.

    $2.19