The regression output for sales and advertising spend is shown below. Model summary
a Predictors: (Constant) , advertising spend
ANOVA(b)
a Predictors: (Constant) , advertising spend
B Dependent variable: Sales (A$'000)
Coefficients(a)
a Dependent variable: Sales (A$'000)
The above shows that:
A) approximately 45 per cent of the variance in sales can be explained by advertising spend.
B) approximately 43 per cent of the variance in Sales can be explained by advertising spend.
C) approximately 14 per cent of the variance in sales can be explained by advertising spend.
D) approximately 20 per cent of the variance in sales can be explained by advertising spend.
Correct Answer:
Verified
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