Exhibit 14-6
You are given the following information about y and x.
-A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

Question

Exhibit 14-6
You are given the following information about y and x. 
-A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

Quizplus · Accepted Answer

The Answer of Exhibit 14-6
You are given the following information about y and x. 
-A company has recorded data on the weekly sales for its product (y) and the unit price of the competitor's product (x). The data resulting from a random sample of 7 weeks follows. Use Excel's Regression Tool to construct a residual plot and use it to determine if any model assumption have been violated.

Exhibit 14-6 You Are Given the Following Information About Y and X