Answer:
The answer is "The Sold quantity has decreasing by 270".
Step-by-step explanation:
The number of units selling was expected to shift by - 270.
As just a result, the number of goods sold would be reduced by 270.
Its equation of regression is provided by:
Y = Sold quantity
X1= Price of the Competitor
x2=Heller's Price
[tex]Y = 66520 + (413.9)X_1 + ( - 269.8)[/tex] Hey, X2 (By Multiple Linear regression calculator)
If the price of Heller rose by $1, the price of fresh Heller is [tex]1 + X_2[/tex]
From the above regression equation, we will substitute [tex]1+X_2 \ for \ X_2.[/tex]
[tex]Y = 66520 + (413.9)X_1 + (-269.8)(1+X_2)\\\\[/tex]
[tex]= 66520 + 413.9X_1 - 269.8 - 269.8X2\\\\ = 66250.2 + 413.9X_1 - 269.8X2[/tex]