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The management accountant of Potex ltd has established that company profits (Y) are driven by...

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Accounting

The management accountant of Potex ltd has established that company profits (Y) are driven by the companys activity level (X). He desires to run a linear regression analysis and the following data has been synthesized from 36 data periods: X=740; Y=3,400; XY=94,200; X2=153,600 Required: Estimate the OLS equation that can explain variability in profits using the production achieved.

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