question archive Consider the following linear model: y = a+1
Consider the following linear model: y = a+1
Subject:StatisticsPrice:2.87 Bought7
Consider the following linear model:
y = a+1.3x
This linear model forecasts total book sales in units (in 1,000s) given the total amount of pre- order sales (in $1,000) identified by variable x. Calculate the value of the intercept (y-intercept) given that if the amount of pre-order sales is $2000 then the predicted sales volume is y 7800 units. (Hint: notice that both and y are expressed in 1000 units in the regression model).
