TABLE 12-11
A computer software developer would like to use the number of downloads (in thousands) for the trial version of his new shareware to predict the amount of revenue (in thousands of dollars) he can make on the full version of the new shareware. Following is the output from a simple linear regression along with the residual plot and normal probability plot obtained from a data set of 30 different sharewares that he has developed:
-Referring to Table 12-11, the Durbin-Watson statistic is inappropriate for this data set.
Definitions:
Single Buyer
A market situation where there is only one buyer for a particular product or service, influencing the market conditions and prices.
Input Market
Markets where firms purchase resources and services needed for the production process, such as labor, raw materials, and machinery.
Labor Union
An organization of workers formed to protect and further their rights and interests through collective bargaining.
National Labor Relations (Wagner) Act
A 1935 United States federal law that protects the rights of employees to organize, form unions, and engage in collective bargaining, while prohibiting certain unfair labor practices.
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