Estimate the revenues of the new lumber mill

Reference no: EM131810936

Question: In order to substantiate a claim of damages, you need to estimate the revenues your firm lost when the opening of the new lumber mill was delayed for three months. You have access to data for similar firms on their total assets, lumber mill capacity, and revenues. For your firm, you know total assets and lumber mill capacity (if it had been working), but you wish to estimate the revenues. Identify the Y variable, the X variables, and the appropriate statistic or test.

Reference no: EM131810936

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