KavaChart Gallery .. Regression
Projected Increase in Advertising & its Effect on Unit Sales |
Projected Increase in Sales Price & its Effect on Unit Sales |
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Regressing unit sales on advertising expense provides a trend line we can use to predict what effect an increase in our advertising budget will have on unit sales. |
Regressing unit sales on sales price provides another relationship we can use to forecast results. What's the effect both advertising and sales price have on unit sales? Multiple regression will provide an optimized answer. |
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