Linear Modelingmedium
0:00.0
A marketing model regresses weekly sales (in thousands) on:
- advertising spend (in thousands of dollars)
- season (coded 0 = off-season, 1 = peak season)
- (interaction term)
The fitted equation is:
During peak season (), what is the predicted effect on sales for each additional $1000 spent on advertising?
A marketing model regresses weekly sales (in thousands) on:
- advertising spend (in thousands of dollars)
- season (coded 0 = off-season, 1 = peak season)
- (interaction term)
The fitted equation is:
During peak season (), what is the predicted effect on sales for each additional $1000 spent on advertising?