Statistics Using Precision Tree
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DataPro is a small but rapidly growing firm that provides electronic data-processing services to commercial firms, hospitals, and other organizations. For each of the past 12 months, DataPro has tracked the number of contracts sold, the average contract price, advertising expenditures, and personal selling expenditures. These data are provided in P11_17.xls. Assuming that the number of contracts sold is the dependent variable, estimate a multiple regression model with three explanatory variables. Interpret each of the estimated regression coefficients and the coefficient of determination R2.
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Solution Summary
The solution examines using a precision tree for statistics.
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