Estimate House Paints Demand for Sherwin-Williams Table: Sherwin-Williams Company new Data Observations Sales Promotional Expenditures Selling...

Estimate House Paints Demand for Sherwin-Williams

Table: Sherwin-Williams Company new Data

Observations	Sales	Promotional Expenditures	Selling Price	Disposable Income
i	y	A	P	M
1	160	100	15	19
2	200	160	14	17.5
3	140	50	16.5	14
4	190	190	14.5	20
5	130	90	17	15.5
6	160	70	16	14.5
7	200	140	15	21.5
8	150	110	18	18
9	210	200	12	18.5
10	190	100	15.5	20

Total	1730	1210	153.5	178.5
Mean	173	121	15.35	17.85

1) What is regression equation for paint sales using multiple linear regression model? Please include regression results using Excel?)

2) If A=180, P=$14, and M=20, what is an approximate 95 percent prediction interval for paint sales?

Expert Solution

Rahul Sunny answered 2 years ago

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