Question

Following data reveals the sales of a company due to the number of salespersons and the years of experience. By using multiple regressions, estimate the sales of the company using two salespersons with experience of nine years.

a) Sales forecasting
b) Regression analysis
c) Salesperson performance
d) Market trends prediction

Answer 1

The question involves using multiple regression analysis for sales forecasting based on the number of salespersons and their years of experience, but an explicit model was not provided. An example model was used to show how to predict sales for an electronics retailer based on the day of the quarter.

Step-by-step explanation:

The question pertains to sales forecasting using multiple regression analysis. To estimate the sales of a company based on the number of salespersons and their years of experience, we use the provided multiple regression model. Unfortunately, since no explicit regression model was provided for this specific scenario in the question, a precise answer cannot be calculated. Generally, if we had a regression model like the example provided for the electronics retailer (î = 101.32 + 2.48x), where x is the number of years of experience and we are considering two salespersons, you would substitute x with 9 to predict the sales.

For simple prediction exercises using the given retailer model, we have:

• For day 60, î = 101.32 + 2.48 × 60
• For day 90, î = 101.32 + 2.48 × 90