Estimate the y-intercept for the sales history trend line.$45,000$95,000Other$80,000 **Data for the Case:**You have collected a data set with the average sales price over the past few years and assembled it into the table shown below.- **Year: 2014; Revenue: $80,000**- **Year: 2015; Revenue: $90,000**- **Year: 2016; Revenue: $95,000**- **Year: 2017; Revenue: $100,000**- **Year: 2018; Revenue: $115,000**- **Year: 2019; Revenue: $110,000**- **Year: 2020; Revenue: ?****Question:**Estimate the y-intercept for the sales history trend line.

Linear regression is a statistical method commonly used to analyze the relationship between a…

Answered: Estimate the y-intercept for the sales…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Similar questions

PLEASE help me answering in your words as fast as you can As a Marketing Manager in Apple company, recommend new ideas concerning only 3 points of the following: Product Development Market Segmentation Distribution Strategy Pricing Strategy
Critically evaluate the following four statements to prove or disprove them. Make use of one to two retail clothing brands to support your position. NOTE: Use no more than two retail clothing brands per statement. Different brands may be used for each statement. Q.1.1 Brands shape our perceptions and our behaviour as consumers.
You have recently been appointed sales manager of a company selling used cars. Sales are declining and you suspect that a major factor causing this decline is a lack of motivation amongst the salesforce. At present they are paid a straight salary, the size of which is dependent on the length of service. Outline your thoughts regarding how you would approach this situation. Write a research and findings base on Compare industry norms, in terms of sales and compare with present results. Compare industry sales average and the present level of sales. Discuss the possible causes
Steps in the Planned Buying Process. Do you think all of the steps in the planned buying process are used when buying simple everyday process (such as a loaf of bread or a half-gallon of milk), or are they used only when buying big-ticket items? Why, or why not?
List/Give examples of 4-5 research objectives and research questions for ‘What the opinions of consumers on a 10 percent reduction in weight, with the price remaining the same, of “Snackers” chocolate bars?’
Which one of the following is not an economic objective of the business:- Question 15 options: Social environment Survival Profit Growth
what are some condition for marketing strtegy for a credit card product through video streaming and examples
What were the top 3 associations that SFA led to in the minds of customers concerning the salesperson? Satisfaction with the salesperson, information, and product knowledge Trust in the salesperson, market knowledge, and responsiveness Professionalism, information, and market knowledge Information, understanding and anticipating needs, and decision making
There are many differences between business and consumer markets in buying behavior differences. Three of these differences are related to (a) transaction value, (b) importance of relationships, and (c) formal, written rules. Choose one of these and explain the difference between business and consumer markets. Make sure you write the chosen dimension (a, b, or c) clearly and explain (rather than just listing).
Who are the target market of apple watch? and what is the main marketing objective of apple watch?
3 What are the characteristics (e.g., age, income, edu- cation) of the target market customers for the follow- ing products or services? (a) National Geographic magazine, (b) Chobani Greek Yogurt, (c) New York Giants football team, and (d) Facebook.

Recommended textbooks for you

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Principles Of Marketing

Marketing

ISBN:

9780134492513

Author:

Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:

Pearson Higher Education,

Marketing

ISBN:

9781259924040

Author:

Roger A. Kerin, Steven W. Hartley

Publisher:

McGraw-Hill Education

Foundations of Business (MindTap Course List)

Marketing

ISBN:

9781337386920

Author:

William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:

Cengage Learning

Marketing: An Introduction (13th Edition)

Marketing

ISBN:

9780134149530

Author:

Gary Armstrong, Philip Kotler

Publisher:

PEARSON

MKTG 12:STUDENT ED.-TEXT

Marketing

ISBN:

9781337407595

Author:

Lamb

Publisher:

Cengage

Contemporary Marketing

Marketing

ISBN:

9780357033777

Author:

Louis E. Boone, David L. Kurtz

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Estimate the y-intercept for the sales history trend line. $45,000 $95,000 Other $80,000