A golf club manufacturer is trying to determine how the price of a set of clubs affects the demand for clubs

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January 13th, 2018

A golf club manufacturer is trying to determine how the price of a set of clubs affects the demand for clubs. The file P10_50.xlsx contains the price of a set of clubs and the monthly sales.Assume the only factor influencing monthly sales is price. Fit the following three curves to these data: linear (Y = a + bX), exponential (Y = abX), and multiplicative (Y = aXb). Which equation fits the data best?Interpret your best-fitting equation.Using the best-fitting equation, predict sales during a month in which the price is $470.In the discussion area, attach the Excel document showing work.Price$400$420$440$460$500$380$290$340$220$700 Demand20,00019,00017,00016,00014,00022,00031,00026,00041,0006,000 This isis fictitiousfictitious data.data.This

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