posted by Mat on .
Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X1 = display floor space (square meters), X2 = competitors’ advertising expenditures (thousands of dollars), X3 = advertised price (dollars per unit). (a) Write the fitted regression equation. (b) Interpret each coefficient. (c) Would the intercept seem to have meaning in this regression? (d) Make a prediction for Sales when FloorSpace = 80, CompetingAds = 100, and Price = 1,200.