# Regression analysis

Regression analysis was applied between demand for a product (Y) and the price of the product (X), and the following estimated regression equation was obtained. Y = 130 - 20 X

Based on the above estimated regression equation, if the price is increased by 2 units, then demand is expected to

decrease by 90 units

increase by 40 units

increase by 130 units

decrease by 40 units

increase by 150 units

https://brainmass.com/statistics/regression-analysis/179000

#### Solution Preview

Answer

decrease by 40 units

Explanation

From the slope ...

#### Solution Summary

Step by step method for regression analysis is discussed here. Regression coefficients, coefficient of determination, scatter diagram and significance of regression model are explained in the solution.

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