=================================================== BUSI 620 Week 3 Discussion Board 3
we estimated the regression for the quantity demanded of a commodity( which we now relabel Qx), on the price of the commodity( which we now label Px), consumer income( which we now label Y), and the price of the related commodity( Pz), and we obtained the following results
b) Evaluate the above regression results c) What type of commodity is Z? Can you be sure?
Appendix problem 2:
a) Estimate the regression in Problem 5 based on Table 5-6 using Excel’ s regression function in the Data Analysis menu.
b) Using the coefficients found in the regression estimate, enter a formula based in cells C6 through J6 to forecast the sales when quality control goes from $ 2 million to $ 9 million a year.
c) Graph both the actual data and the forecast using the graphing tools. Does the forecast vary much from the actual data
=================================================== BUSI 620 Week 3 Discussion Board 3
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# 4 Discuss benefits and costs of unemployment benefits to individuals and to the economy.