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Linear Regression Analysis

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September 28th, 2022

Application of simple linear regression analysis to the estimation of a demand equation has yielded the following

Q = 24 – 2P
If the current product price is P=$6 and the quantity sold per time period is Q = 10, then the erro (e) for the current time period is equal to (actual quantity sold – estimated quantity sold)?

1
-1
2
-2

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