Question: A store manager selling TV sets observes the following sales on 10 different days. Calculate the regression of y on x where
y = number of TV sets sold
x = number of sales representatives
Present all the items mentioned in Exercise.
Exercise: Comment briefly on the meaning of each of the following.
(a) Estimated coefficient.
(b) Standard error.
(c) t-statistic.
(d) R-squared.
(e) Sum of squared residuals.
(f) Standard error of the regression.
(g) Best linear unbiased estimator.