Describe and explain the economic (or financial) significance of the estimates of the coefficients of the independent variables.
Wendell Motors manufactures and ships small electric motors and drives to a variety of industrial and commercial customers in and around St. Louis. Wendell is a small operation with a single manufacturing plant. Wendell’s products are different from other motor and drive manufacturers because Wendell produces only small motors (25 horsepower or less) and because […]