A regression model is used to forecast sales based on advertising dollars spent. The regression line is y=500+35x and the coeffi

Question

2 years ago

6

cient of determination is .90. Which is the best statement about this forecasting model?

1 answer:

Nataliya [291] · Answer 1 · 2022-07-09T11:36:43+03:00

3 0

Answer:

The correlation between sales and advertising is positive.

Step-by-step explanation:

INCORRECT. For every $1 spent on advertising, sales increase by $35.