Independent variables of color and price

Reference no: EM13103172

If sales is the variable you are trying to explain and you have 2 independent variables of color and price. The color coefficient is 100, and the price coefficient is -200. You have an intercept coefficient of 999 and an r-squared value of .2706. Using this multiple regression analysis, predict the amount of sales with a color rank of 15 and a price of 20 dollars.

A. The sales will be between 0 and 100

B. The sales will be between 101 and 200

C. The sales will be between 201 and 800

D. The sales will be above 801

E. You will actually have negative sales using this multiple regression analysis

Reference no: EM13103172

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