Information of linear regression analysis

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Reference no: EM1397261

Application of simple linear regression analysis to the estimation of a demand equation has yielded the following

Q = 24 - 2P

If the current product price is P=$6 and the quantity sold per time period is Q = 10, then the erro (e) for the current time period is equal to (actual quantity sold - estimated quantity sold)?

1
-1
2
-2

Reference no: EM1397261

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