Find the best predicted number of albums sold for a song with20 (hundred million

Question

Find the best predicted number of albums sold for a song with20 (hundred million) audience impressions. Numbers of albumssold are in hundreds of thousands. Audience Impressions:   28   13  14   24   20   18  14   24   17 Albums Sold  19    7    7    20   6     4     5    25   12 Find the best predicted number of albums sold for a song with20 (hundred million) audience impressions. Numbers of albumssold are in hundreds of thousands. Audience Impressions:   28   13  14   24   20   18  14   24   17 Albums Sold  19    7    7    20   6     4     5    25   12 Albums Sold  19    7    7    20   6     4     5    25   12

Explanation / Answer

By using some statisticalpackage we have the following regression analysis

Regression Analysis:Albums sold versus Impressions

The regression equationis
Albums sold = - 10.7 + 1.17 Impressions

Put audience impressions =20 in the above regression equation we have
Albums sold = - 10.7 + 1.17(20)
           = 12.7
Therefore the best predicted number of albums sold for a song with20 (hundred million) audience impressions is 12.7 in hundreds ofthousands

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