Explain how to use a multiple linear regression model, Finance Basics

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Explain how to use a multiple linear regression model

Explain how to use a multiple linear regression model to estimate future sales. Explain how the various independent variables might affect sales. The formula is
Y’ = B0 + bx1 +bX2 + bXn
where B0 is the y-axis intercept, b is the slope of the line, Y’ is the dependent variable, and X is the independent variable. Assume that you are estimating the sale of gourmet pies, and include the following in your analysis:

Price of the pie

Price of the competitor's pie

Inflation rate

Disposable income

Unemployment rate

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Finance Basics: Explain how to use a multiple linear regression model

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Finance Basics: Explain how to use a multiple linear regression model

Reference No:- TGS0515417

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Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Explain how to use a multiple linear regression model

Reference No:- TGS0515417

Recent Questions Asked Finance Basics

Q : Crisis leadership or risk management report

Q : Problem during job duties

Q : Co-ownership of business property

Q : What happen in market in terms of supply and demand curve

Q : Explain how to use a multiple linear regression model

Q : Major motivational theories related problem

Q : Opportunities-risks and challenges of emerging markets

Q : Write implications of measures-government economic policies

Q : Income statement-retained earnings statement

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