Cascade Pharmaceuticals Company developed the following regression model, suing time series data from the past 33 quarters, for one of its…

FIRST GRADER essay writing company is the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click the button below to place your order.


Order a Similar Paper Order a Different Paper

6. Cascade Pharmaceuticals Company developed the following regression model, suing time series data from the past 33 quarters, for one of its nonprescription cold remedies: Y=-1.04+0.24X1-0.27X2 where Y=quarterly sales (in thousands of cases) of the cold remedy, X1=Cascade’s quarterly advertising (*$1000) for the cold remedy, X2 = competitors’ advertising for similar products (*$10,000) Here is additional information concerning the regression model: sb1=0.032, sb2=0.07, R2 =0.64, se=1.63, F-statistic=31.402, Durbin-Watson (d) statistic=.4995a. Which of the independent variables (if any) appear to be statistically significant (at the .05 level) in explaining sales of the cold remedy?b. What proportion of the total variation in sales is explained by the regression equation?c. Perform an F-test (at the .05 level) of the overall explanatory power of the model.d. How do the results in part (d) affect you answers to parts (a), (b), and (c)?e. What additional statistical information (if any) would you find useful in the evaluation of this model?

Got stuck with another paper? We can help! Use our paper writing service to score better grades and meet your deadlines.

Get 15% discount for your first order


Order a Similar Paper Order a Different Paper
Writerbay.net