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Mathematics, 15.12.2021 04:30 bookerman123
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: 102
b1: 97.1
Standard Error: 70.95
She wished to forecast sales for a store where advertising equals 184. What is the forecasted standard deviation of the sales distribution for this store?
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