Explain how to use a multiple linear regression model to estimate future sales. Explain how the various independent variables might affect sales. The formula is
Y’ = B0 + bx1 +bX2 + bXn
where B0 is the y-axis intercept, b is the slope of the line, Y’ is the dependent variable, and X is the independent variable. Assume that you are estimating the sale of gourmet pies, and include the following in your analysis:
Price of the pie
Price of the competitor’s pie
"Is this question part of your assignment? We Can Help!"