What is the marginal impact on sales

Assignment Help Advanced Statistics
Reference no: EM13673307

You have been provided with data for Sales and Advertising. Assume there are no outliers in the data.

a. Estimate this model using regression analysis.

Sales = β0 + β1*advertising + β2*advertising 2

Is there a non-linear relationship between Sales and Advertising? Explain ( Completed on Spreadsheet) Is this correct see attached spreadsheet.

What is the marginal impact of advertising on sales if advertising is increased from $1300 to $1400? What is the marginal impact on sales if advertising is increased from $2500 to $2600? Please comment on any differences.

Estimate this model.

Sales t = β0 + β1*advertising t + β2*advertising t

2 + β3*advertising t-1

Based on your model, is there a lead/lag relationship between Advertising and Sales? Explain.

Reference no: EM13673307

Questions Cloud

How much income must terry recognize : How much income must Terry recognize when she receives the stock dividend?
How much income must terry recognize : How much income must Terry recognize when she receives the stock dividend?
Sec, gasb and fasb regulations and well as gaap and sox : SEC, GASB and FASB regulations and well as GAAP and SOX
Explain wether you agree or disagree with raymond : Explain wether you agree or disagree with Raymond's remarks
What is the marginal impact on sales : Estimate this model using regression analysis and what is the marginal impact of advertising on sales and what is the marginal impact on sales
Create an anonymous function : Create three subplots (1x3) showing u(T),h(T) v/s Ton each subplot for these 3 pressures , with titles, labelled axes and create an anonymous function cp(a,b,c,d,n of these parameters and call it for Air at T=678°R
What challenges does culture of middle east pose to mtv : What challenges does the culture of the Middle East pose to MTV and what are your thoughts on MTVs ability to succeed in this market?
Evaluate statistical properties of a population of nuts : Evaluate the statistical properties of a population of the nuts and evaluate the statistical properties of a sample of nuts to infer data about the entire population. Did the factory create all the nuts equally?
Actual and projected sales follow : Actual and projected sales follow.

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Project probability with variance

A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time, crash time, and the associated cost for each activ..

  Enforcement of affirmative action

In describing the relationship of affirmative action and descriptive statistics, I said, "Affirmative action is the legal enforcement of policies, descriptive statistics is specific descriptive data derived from research.

  Marketing budget and control

Identify quantifiable elements that can be used to evaluate, monitor, and control the effectiveness of your marketing plan. The phones will be marketed globally thru AT&T. The budget is US dollars.

  Use of statistics in business research

Why use statistics in business research, and what is its role? How can the concept of variance and standard deviation be applied to solving a real world business-related problem? Include a specific example from business. Explain.

  You are tasked with identifying and discussing what makes a

you are tasked with identifying and discussing what makes a crusty pizza company restaurant successful and conversely

  Describe the average suit sold

Measure of central tendency should the storeowner use to describe the average suit sold - range of the correlation coefficient

  Computing overtime wage

Complete the following time card for Janice Anderson She earns time and half overtime when she works more than eight hours on a weekday or on Saturday.

  Detailed explanation of break even

Jason processes and bottles jams. His fixed costs are 250 per month and the variable cost per jar is 1.20. He sells the jam to local grocery stores for 3.20 each. How man jars must he sell per year to break even and what will be his profit if he s..

  Accounting-inventory management

The Acme Grocery store started a Coupons Instantly program. It requires a debit card with a minimum of $300, so the customer can buy as many coupons as they want.

  Disadvantages of regression models

In what ways are sunk, fixed and average costs considered irrelevant and why? What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine?

  Minimum possible time required for completing the project

What is the minimum possible time required for completing the project and what is the latest possible time that Activity D may be started without delaying the completion of the project?

  Create a scatterplot for the natural logarithm

Fit a linear regression equation to the data, regressing price on the rating. Does this fitted model make substantive sense and create a scatterplot for the natural logarithm of the price on the rating. Does the relationship seem more suited to regr..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd