Business, 12.05.2021 01:40 jessicadempsey

Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory variables that could be used are: population density within a specific radius (X1), traffic flow (X2), the number of competitors (X3), and the ease of entry into and out of the proposed site (X4). An abbreviated computer printout of a linear analysis yields: DEPENDENT VARIABLE: Y
N: 12
R: .986
R SQUARED: .972
STANDARD ERROR: 3800
VARIABLE COEFFICIENT
CONSTANT 124,000
X1 5
X2 350
X3 -1,700
X4 4,000
According to the computer printout, if traffic flow increased by one more unit, sales would:.
A. Increase by 5.
B. Decrease by 1,700.
C. Increase by 4,000.
D. Increase by 350.

Answers: 1

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Many firms have site location models to predict future sales (Y) at locations yet to be developed. S...