Use the data shown below to answer the following question(s).
The table below shows the sales details of a kind of vegetable sold at a department store for each week.
-For the given data,determine the multiple regression equation.
A)Forecast = 6,879.27 + 724.10Week - 220.24Price/pound
B)Forecast = 724.10 + 6,879.27Week - 220.24Price/pound
C)Forecast = 724.10 + 220.24Week - 6,879.27Price/pound
D)Forecast = 6,879.27 + 220.24Week - 724.10Price/pound

Question

Use the data shown below to answer the following question(s).
The table below shows the sales details of a kind of vegetable sold at a department store for each week. 
-For the given data,determine the multiple regression equation.
A)Forecast = 6,879.27 + 724.10Week - 220.24Price/pound 
B)Forecast = 724.10 + 6,879.27Week - 220.24Price/pound 
C)Forecast = 724.10 + 220.24Week - 6,879.27Price/pound 
D)Forecast = 6,879.27 + 220.24Week - 724.10Price/pound

Quizplus · Accepted Answer

The correct multiple regression equation typically starts with a constant term (intercept), followed by the coefficients for each predictor variable. Choice A correctly places the constant term (6,879.27) first, followed by the coefficients for "Week" (724.10) and "Price/pound" (-220.24) in their respective order, which aligns with the standard format for a multiple regression equation.

Use the Data Shown Below to Answer the Following Question(s)