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Case
You are the manager for a company that sells outdoor grills. You've recently earned your MBA, and you want to apply what you've learned to your position to help with decision-making. You have developed the following estimated regression equation to help make data-driven decisions for the store. This will help you to better see how the unemployment rate, temperature, gas prices, and the price of steak impact weekly outdoor grill sales.
Y = 22,100 - 412x1 + 818x2 - 93x3 - 71x4
Where:
INSTRUCTIONS
Use the above equation and information to answer the following questions in a Word document, and create a guideline to use for future business decisions:
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