Linear Regression Problem: A marketing analyst is studying

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Linear Regression Problem:
A marketing analyst is studying the relationship between the money spent on TV advertising (x) and the increase in sales (y). One study reported the following data (in $) for a particular company.

Money spent on TV advertising (x)

Increase in sales (y)

380

550

645

780

360

530

900

1200

540

620

670

800

820

910

1050

1400

760

830

800

905


a. Using a software package of your choice, develop a scatterplot and determine whether a linear relationship provides a good fit to this data set.


b. Using a software package of your choice, report the regression analysis results. 

  • 11 years ago
Linear Regression Problem: A marketing analyst is studying
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