For assignment please work out below based on the oj data, Ask an Expert

Economics

For assignment, please work out below based on the OJ Data. Thanks!

1. Make a scatter plot for each of the following, putting price on the horizontal axis. You may use price/oz.

Price SKU 1 vs Unit Sales SKU 1

Price SKU 2 vs Unit Sales SKU 2

Price SKU 3 vs Unit Sales SKU 3

Price SKU 4 vs Unit Sales SKU 4

Price SKU 5 vs Unit Sales SKU 5

2. Add a linear trend line to each plot from question 1. Add the regression equation and R squared.

3. For each SKU, make a prediction about the effects of increasing price by $0.01 on sales. Does this result make sense? Which result are you most confident in?

Attachment:- Assignment.rar

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92018440

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