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    Multiple Regression Statistics Question

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    A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures.
    y = 25 + 10x1 + 8x2

    Where
    x1 = inventory investment ($1000s)
    X2 = advertising expenditures ($1000s)
    Y = sales ($1000s)

    a. Estimated sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.
    b. Interpret b1 and b2 in this estimated regression equation.

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    https://brainmass.com/statistics/regression-analysis/multiple-regression-statistics-question-507909

    Solution Preview

    a. Estimated sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

    Solution:
    Let x1=15 and x2=10.
    Then by the regression equation y = ...

    Solution Summary

    The expert examines multiple regression in statistics.

    $2.19

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