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Question 4 We use data to develop a regression model: y (Sales)=15.2 + 4.1*X (Buyer Income). The output shows the follow
Posted: Sun Jul 03, 2022 1:32 pm
by answerhappygod
- Question 4 We Use Data To Develop A Regression Model Y Sales 15 2 4 1 X Buyer Income The Output Shows The Follow 1 (63.43 KiB) Viewed 16 times
Question 4 We use data to develop a regression model: y (Sales)=15.2 + 4.1*X (Buyer Income). The output shows the following parameters: R² = = 0.78 Sig of F = 0.08 Regression Coeff for X = 4.1 P value for X=0.08 Should we use the model? Please base your response on class material and discussions. Yes Cannot tell from the info provided ✓ No Yes - but only if the client accepts a confidence level of 92% in the predictive value of the model