Question on multiple regression statistics

Reference no: EM1395784

A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures.
y = 25 + 10x1 + 8x2

Where

x1 = inventory investment ($1000s)

X2 = advertising expenditures ($1000s)

Y = sales ($1000s)

a. Estimated sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

b. Interpret b1 and b2 in this estimated regression equation.

Reference no: EM1395784

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