Question

Here, q is tile sales (in thousands of cases), p is tile price (per case), a is advertising expenditures (in thousands of dollars), i is disposable income per household (in thousands of dollars), and hf is household formation (in hundreds).
a. fully evaluate and interpret these empirical results on an overall basis using r2 , __ r 2 , f statistic and see information.
b. is quantity demanded sensitive to "own" price?

Answer 1

Use r2 and divide it with per case and dollars