Use the model to predict sales and the business spends $950,000 in advertisement. Does the model underestimate or overestimates ales?
Respond to the following in a minimum of 175 words: Models help us describe and summarize relationships between variables. Understanding how process variables relate to each other helps businesses predict and improve performance. For example, a marketing manager might be interested in modeling the relationship between advertisement expenditures and sales revenues. Consider the dataset below […]