## Related questions with answers

Commercial contractors and home improvement merchants like Lowe's and Home Depot can purchase roofing and siding supplies from Great Plains Distributors Inc. The business owner is curious to know how different factors affect how much fiber-cement siding is sold. In the United States, the corporation operates 26 marketing districts. It gathered data on the following factors in each district: sales volume (in thousands of dollars), advertising spending (in thousands of dollars), the number of active accounts, the number of rival brands, and an assessment of market potential.

$\begin{array}{|ccccc|} \begin{array}{c} \text { Sales } \\ \text { (000s) } \end{array} & \begin{array}{c} \text { Advertising } \\ \text { Dollars } \\ \text { (000s) } \end{array} & \begin{array}{c} \text { Number of } \\ \text { Accounts } \end{array} & \begin{array}{c} \text { Number of } \\ \text { Competitors } \end{array} & \begin{array}{c} \text { Market } \\ \text { Potential } \end{array} \\ \hline 79.3 & 5.5 & 31 & 10 & 8 \\ 200.1 & 2.5 & 55 & 8 & 6 \\ 163.2 & 8.0 & 67 & 12 & 9 \\ 200.1 & 3.0 & 50 & 7 & 16 \\ 146.0 & 3.0 & 38 & 8 & 15 \\ 177.7 & 2.9 & 71 & 12 & 17 \\ \vdots & \vdots & \vdots & & \\ 93.5 & 4.2 & 26 & 8 & 3 \\ 259.0 & 4.5 & 75 & 4 & 9 \\ 331.2 & 5.6 & 71 & & \\ \hline \end{array}$

Find the most accurate sales predictors by performing a multivariate regression analysis. Using this, conduct a test of each of the independent variables. Are there any that should be dropped?

Solution

VerifiedThe task is to conduct a hypothesis test for each independent variable $x$. First, run a statistical analysis for the given data that will show the regression equation parameters and the analysis of variance table.

## Create an account to view solutions

## Create an account to view solutions

## Recommended textbook solutions

#### Statistics for Business and Economics

13th Edition•ISBN: 9780134446332 (1 more)James T. McClave, P. George Benson, Terry T Sincich#### Statistics for Business and Economics

12th Edition•ISBN: 9781133274537 (9 more)David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams#### Basic Statistics for Business and Economics

9th Edition•ISBN: 9781260187502 (2 more)Douglas A. Lind, Samuel A. Wathen, William G. Marchal#### Statistics for Business and Economics

14th Edition•ISBN: 9781337901062 (1 more)David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams## More related questions

1/4

1/7