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BEO1106 - Week 10 BEO1106 - Week 10 Business StatisticsBEO 1106 * * WEEK 10 SIMPLE LINEAR REGRESSION (cont.) TIME-SERIES ANALYSIS Reference: Selvanathan et al. (2004), Chapters 11, 13 EVALUATING SIMPLE LINEAR REGRESSION There is just one independent variable in the model. The relationship between X and Y can be depicted with a straight line. Ex 1: (Selvanathan 2004 ed. - p.494, ex.11.72 (2000 ed.- p.419, ex.11.61)) The manager of Colonial Furniture has been reviewing weekly advertising expenditures. During the past six months all advertisements for the store have been appeared in the local
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