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A corporation own several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor for total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2000 in millions. Advertising Sales 12.5 148 3.7 55 21.6 338 60.0 994 37.6 541 6.1 89 16.8 126 41.2 379 Determine the SSE and the se for Problem 4.3. Think about the variables being analyzed by regression in this problem and comment on the value of se.
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