Practice Problems: Chapter 4, Forecasting
Find a forecast for the sales next month if the company spends $22,500 on advertising. Problem #11: The multiple regression equation Ŷ = 16.4 – 4.2X 1 + 1.5X 2 was developed to forecast daily milk sales in 1,000 gallons with X 1 = Price per gallon and X 2 = Advertising expense in $1,000. ................
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