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SusanAthena
SusanAthena, Master's Degree
Category: Calculus and Above
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A regression analysis between sales (y in $1000) and advertising

Customer Question

A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation
= 50,000 + 6x
What does the equation imply?
Submitted: 5 years ago.
Category: Calculus and Above
Expert:  SusanAthena replied 5 years ago.
Hi. Thanks for your question.

It suggests that sales are expected to be about 50,000,000 with no advertising, and that after that sales increase with advertising, at a rate of $6000 in sales per $1 in advertising.

Kind regards,
Susan
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