Selling price and amount spent advertising were entered into
Selling price and amount spent advertising were entered into a multiple regression to determine what affects flat panel LCD TV sales. Use the output shown below, calculate the amount of variability in Sales is explained by the estimated multiple regression model. Analysis of Variance 84.43% 15.57% 29% 6.90%
Solution
variability explained = SSR/SST = 16477.3/19515.4 = 0.84432294495629092921
= 84.43%
