Q-60. Paul Graham, FRM®, is analyzing the sales growth of a baby product launched three years ago by a regional company. He assesses that three factors contribute heavily towards the growth and comes up with the following results:
Y=b+1.5X1+1.2X2+3X3
Sum of Squared Regression [SSR] = 869.76
Sum of Squared Errors [SSE] = 22.12
Determine what proportion of sales growth is explained by the regression results.