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Author Question: A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the ... (Read 51 times)

Shelles

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on: Jun 24, 2018
A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation:y= 100 + 2000XThe above equation implies that an
 
  A) increase of 1 in advertising is correlated with an increase of 2,000 in sales.
  B) increase of 1 in advertising is correlated with an increase of 2 in sales.
  C) increase of 1 in advertising is correlated with an increase of 100 in sales.
  D) increase of 1 in advertising is correlated with an increase of 2100 in sales.

Question 2

In a recent meeting, the sales manager for a drug company stated that she needed to have a forecast prepared for each week for the next six weeks. The week in this case is the:
 
  A) forecasting horizon.
  B) forecasting period.
  C) planning time.
  D) forecasting interval.


cici

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


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