Numerical Problems · Q10
Q.Using the advertising-expenditure (X, ₹'000) and sales (Y, ₹ lakh) data from the previous question [X: 2, 4, 6, 8, 10; Y: 3, 6, 7, 10, 14], find the regression equation of Y on X, and use it to estimate sales when advertising expenditure is ₹12,000 (X = 12).
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Start your 14-day free trial to unlock the full solution →From the previous question, , , , .
Step 1 — regression coefficient of Y on X:
Step 2 — regression equation:
Step 3 — estimate at X = 12:
…
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