Explain how to use a multiple linear regression model to estimate future sales. Explain how the…

Explain how to use a multiple linear regression model to estimate future sales. Explain how the various independent variables might affect sales. The formula is

Y’ = B0 + bx1 +bX2 + bXn

where B0 is the y-axis intercept, b is the slope of the line, Y’ is the dependent variable, and X is the independent variable. Assume that you are estimating the sale of gourmet pies, and include the following in your analysis:

Price of the pie

Price of the competitor's pie

Inflation rate

Disposable income

Unemployment rate

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