Discuss the steps in interpreting a simple regression ...

[Destiiny22]

Discuss the steps in interpreting a simple regression output.

Question 2

In sales promotion, a type of trade promotion in which the retailer is allowed to buy a certain amount of product from the manufacturer and then pay for that product over a prolonged period of time is considered which of the following?
 a. timing c. dating
  b. cutting d. layaway

[momtoalll]

Answer to Question 1

Interpreting simple regression output is a simple two-step process:
(1) Interpret the overall significance of the model. The output will include the model F and a significance value. When the model F is significant (low p-value), the independent variable explains a significant portion of the variation in the dependent variable. The coefficient of determination, or R2, can be interpreted. This is the percentage of total variation in the dependent variable accounted for by the independent variable.
(2) The individual parameter coefficient is interpreted. The t-value associated with the slope coefficient can be interpreted.

Answer to Question 2

C
Definition of dating

[Destiiny22]

TYSM

[carlsona147]

Thanks for the timely response, appreciate it