A regression analysis between sales (Y) and advertising (X) (both ...

[Shelles]

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]

Answer to Question 1

A

Answer to Question 2

B