Question: A consumer products company has collected some data relating to the advertising expenditure and sales of one of its products:
|
Advertising cost
|
Sales
|
|
$300
|
$7000
|
|
$350
|
$9000
|
|
$400
|
$10000
|
|
$450
|
$10600
|
What type of model would best represent the data? Use the Excel Trendline tool to find the best among the options provided.