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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. Smyths 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 2007-4 data to estimate 2008-1 unit sales in the Washington-Arlington-Alexandria 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 2008-1 unit sales in the Washington-Arlington-Alexandria market. Paul Oladeinde Managerial Economics Homework Chapter 5 February 14, 2012...
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- Spring '12