Consider a different example where a digital marketing team of a lifestyle brand is planning to forecast the impact of their upcoming social media campaign.
Arrange the following steps in the correct order to complete this task:
- Step A: Use the regression equation to forecast the impact of the planned campaign spend.
- Step B: Perform Linear Regression analysis using Excel's Data Analysis tool.
- Step C: Organize historical campaign data including spend and sales increase.
- Step D: Plot the data and regression line to visually validate the forecast.