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TV advertisements

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Keywords:
spending, advertising
Categories:
regression;
finance
Description:
This data appeared in the Wall Street Journal. The advertisement were selected by an annual survey conducted by Video Board Tests, Inc., a New York ad-testing company, based on interviews with 20,000 adults who were asked to name the most outstanding TV commercial they had seen, noticed, and liked. The retained impressions were based on a survey of 4,000 adults, in which regular product users were asked to cite a commercial they had seen for that product category in the past week.

There are 21 observations on two variables.

Variables:
Firm The name of the firm
Spend TV advertising budget, 1983 ($ millions)
MilImp Millions of retained impressions per week
Data Quality:
There are no missing values.
Source:
The Data and Story Library, DASL, originally from the Wall Street Journal, March 1, 1984
Notes:
An interesting regression analysis. Is the relationship really non-linear? Is a transformation necessary? Or is an outlier the problem?
References: