Statistics for Financial Decisions Assignment
Added on - 21 Apr 2020
STATISTICS FORFINANCIAL DECISIONSSTUDENT ID:[Pick the date]
a)In order to estimate the sales and revenue on a given day, the various week days startedfrom Monday to Sunday are given numbers from 1 to 7 and the regression analysis hasbeen performed with results for various countries highlighted below.NokaraguaThe regression equation for expected sales on a given day is as highlighted below.Sales (no.) = 1593.43 + 147.93*DayExpected number of sales on a given day is the average of the above or 2185.
The regression equation for expected revenue on a given day is as highlighted below.Revenue ($) = 4129.51 + 321.17*DayExpected revenue on a given day is the average of the above or $5,414.Macronesia