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Essay text:
HyTex regularly sends catalogues to its customers by mail (at least one in two months), and accepts all of its orders over the phone. The company spends a great deal of money on its catalogue mailings, and it wants to be sure that this is paying off. Therefore, it has collected data on 1000 customers at the end of the current year. The amount spent by consumers on the purchase of equipments can be defined as a function of several variables. The problem is to predict to what extent the amount spent on catalog shopping is based on the explanatory variables in the dataset and come up with a suitable multiple linear regression model(s) for predicting the amount spent...
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