The manager of Collins Import Autos believes the number of cars sold in a day (Q) depends on two factors: (1) the number of hours the dealership is open (H) and (2) the number of salespersons working that day(S). After collecting data for two months (53 days), the manager estimates the following log-linear model:Q = aHbSca. Explain how to transform the log-linear model into a linear form that can be estimated using multiple regression analysis. The computer output for the multiple regression analysis is shown below:Dependent Variable: LNQR-Square: 0.5452F-Ratio:29.97P-Value on F: 0.0001Observations: 53Variable: Parameter Estimate Standard Error TRatio PValueIntercept: 0.9162 0.2413 3.80 0.0004lnH 0.3517 0.1021 3.44 0.0012lnS 0.2550 0.0785 3.25 0.0021b. How do you interpret coefficients b and c? If the dealership increases the number of salesperson by 20 percent, what will be the percentage increase in daily sales?c. Test the overall model for statistical significance at the 5 percent significance level. d. What percent of the total variation in daily auto sales is explained by this equation? What could you suggest to increase this percentage?e. Test the intercept for statistical significance at the 5 percent level of significance. If H and S both equal 0, are sales expected to be 0? Explain why or why not. f. Test the estimated coefficient b for statistical significance. If the dealer decreases its hours of operations by 10 percent, what is the expected impact on daily sales?
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Business, 22.06.2019 03:50, haydenbell269
John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
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Business, 22.06.2019 17:00, jaymoney0531
Can someone me ? i’ll mark the best answer brainliest : )
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The manager of Collins Import Autos believes the number of cars sold in a day (Q) depends on two fac...
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