Examlex

Solved

A Regression Analysis Between Sales (In $1000) and Advertising (In

question 129

True/False

A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least-squares line: A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least-squares line:   = 60 + 5x. This implies that an increase of $1 in advertising is expected to result in an increase of $65 in sales. = 60 + 5x. This implies that an increase of $1 in advertising is expected to result in an increase of $65 in sales.


Definitions:

Related Questions