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Complete Problem 50 in Chapter 10 on page 477.

A golf club manufacturer is trying to determine how the price of a set of clubs affects the demand for clubs. The file P10_50.xlsx contains the price of a set of clubs and the monthly sales.

Assume the only factor influencing monthly sales is price. Fit the following three curves to these data: linear (Y = a + bX), exponential (Y = abX), and multiplicative (Y = aXb). Which equation fits the data best?

Interpret your best-fitting equation.

Using the best-fitting equation, predict sales during a month in which the price is $470.

In the discussion area, attach the Excel document showing work.

Also Please show the work in EXCEL

PLEASE USE THE REQUESTED REFERENCE.

REFERENCE

Albright, S. C, & Winston, W. L. (2017). Business Analytics: Data Analysis and Decision Making (6th ed.). Boston, MA: Cengage Learning

Chapter 10: Regression Analysis: Estimating Relationships

Chapter 11: Regression Analysis: Statistical Inference

Chapter 12: Time Series Analysis and Forecasting

Attachment:- p10-50.xlsx

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