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Unformatted text preview: To estimate the coefficient forprice (P), advertising (A), competitor price (PX) and population (Pop) are twice the error. B. Interpret the coefficient of determination (R 2 ) for the Mrs. Smyth’s frozen fruit pie demand equation. The data provided will be classified as a trend or a uprising slope acting parallel. The reason being the coefficient of 87.1%. The 87.1% is in good standing with the measurement for the determination. C. Use the regression model and 20074 data to estimate 20081 unit sales in the WashingtonArlingtonAlexandria market. Q = 646957.817  127442.803(7.36) + 5.353(30,487) + 29,337.340(5.32) + 0.344(41,989) + 0.024(7,782,654) + 4,405.940(9) = 268,869 pies. D. To illustrate use of the standard error of the estimate statics, derive the 95 percent and 99 percent confidence intervals for 20081 unit sales in the WashingtonArlingtonAlexandria market. Paul Oladeinde Managerial Economics Homework Chapter 5 February 14, 2012...
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 Spring '12
 Lindsey
 Economics, Statistics, Regression Analysis, Mrs. Smyth, fruit pie demand, pie demand equation, frozen fruit pie

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