You Decide To Model Ice Cream Sales At The Ice Cream Store Nearest To Your University You Estimate The Following Regres 1 (26.19 KiB) Viewed 36 times
You Decide To Model Ice Cream Sales At The Ice Cream Store Nearest To Your University You Estimate The Following Regres 2 (26.19 KiB) Viewed 36 times
You decide to model ice-cream sales at the ice-cream store nearest to your university. You estimate the following regression equation (standard errors in parenthesis): Y = 131.6 + 4.17- 35.62P + 122.4A (0.68) (18.0) (104.2) N=29 R2 = 0.82 Where Y = the total number of ice-creams sold during the tin two-week time period T = average temperature (in degrees C) during the period t P = the price of ice-cream (in Rand) at the store in period A = a dummy variable equal to 1 if the owner places an advert in the university newsletter during the period to otherwise
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