=================================================== 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 .