A marketing analyst runs a bivariate regression model to forecast sales at a retail store based on advertising. Her model returns the following parameter estimates: b0: 145.7 b1: 99.1 Standard Error: 72.37 She wished to forecast sales for a store where advertising equals 163. What is the forecasted standard deviation of the sales distribution for this store

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savannahclenden80091 savannahclenden80091

04-11-2021
Mathematics

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A marketing analyst runs a bivariate regression model to forecast sales at a retail store based on advertising. Her model returns the following parameter estimates: b0: 145.7 b1: 99.1 Standard Error: 72.37 She wished to forecast sales for a store where advertising equals 163. What is the forecasted standard deviation of the sales distribution for this store

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