In: Statistics and Probability
An electronics company is looking to develop a regression model
to predict the number of units sold for a special running watch.
Data is provided below:
Sales (units) | Price ($) | Advertising ($) | Holiday |
500 | 100 | 50 | Yes |
480 | 120 | 40 | Yes |
485 | 110 | 45 | No |
510 | 103 | 55 | Yes |
490 | 108 | 40 | No |
488 | 109 | 30 | No |
496 | 106 | 45 | Yes |
Compile a spreadsheet for the data and determine the predicted number of units sold if the watch is sold on a holiday for $200 while $150 is spent on advertising.
370 |
||
420 |
||
424 |
||
860 |