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Regression Analysis Was Applied Between Demand for a Product (Y)

question 62

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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. 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.   = 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 = 120 - 10 X Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to


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