Regression Analysis Was Applied Between Demand for a Product Y) $\hat { Y }$

question 67

Multiple Choice

Regression analysis was applied between demand for a product Y) and the price of the product X) , and the following estimated regression equation was obtained. $\hat { Y }$ = 120 - 10 X
Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to

• A) increase by 120 units
• B) increase by 100 units
• C) increase by 20 units
• D) decease by 20 units

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Definitions:

Grapevine

An informal channel of communication, separate from management's formal, official communication channels.