Motivation
For $k=1,2,3$ products of $k$ factors can be expressed as linear combinations of linear combinations of their factors that are raised to the power of $k$:
$$\begin{align} x_1&=1 (x_1)^1 \tag{1}\\ x_1x_2&=\frac{1}{4}(x_1+x_2)^2-\frac{1}{4}(x_1-x_2)^2 \tag{2}\\ x_1x_2x_3&=\frac{1}{24}(x_1+x_2+x_3)^3−\frac{1}{24}(−x_1+x_2+x_3)^3−\frac{1}{24}(x_1−x_2+x_3)^3−\frac{1}{24}(x_1+x_2−x_3)^3 \tag{3}\end{align}$$
This leads to the general form: $$\prod_{j=1}^k x_j=\sum_{i=1}^{n_k}a_i\left(\sum_{j=1}^k b_{i,j}x_j\right)^k \tag{4}$$ Where we have exemplarily for $k=2:\\ n_2=2,a_1=\frac{1}{4},a_2=-\frac{1}{4},b_{1,1}=1,b_{1,2}=1,b_{2,1}=1,b_{2,2}=-1$.
However this simple pattern does not continue for $k>3$.
Questions
Which real coefficients $a_i,b_{i,j}$ fulfill the product $x_1 x_2 x_3 x_4$?
Which real coefficients $a_i,b_{i,j}$ fulfill $\prod_{j=1}^k x_j$ with $k\in \mathbb{N}^+$ ?
Note:
The smallest possible $n_k$ is of interest. It is allowed for some $b_{i,j}=0$.
We can rewrite the last formula given by @granularbastard as $$ \eqalign{ & \left( {2m} \right)!!\prod\limits_{k = 1}^m {x_k } = \cr & = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {\prod\limits_{k = 1}^m {s_k } } \right)\left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^m } \right)} = \cr & = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {s_m \left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } + s_m x_m } \right)^m } \right)} = \cr & = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } + x_m } \right)^m } \right)} + \cr & - \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } - x_m } \right)^m } \right)} = \cr & = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\sum\limits_{j = 0}^m {\left( \matrix{ m \cr j \cr} \right)x_m ^j \left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - j} } } \right)} + \cr & - \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\sum\limits_{j = 0}^m {\left( \matrix{ m \cr j \cr} \right) \left( { - 1} \right)^j x_m ^j \left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - j} } } \right)} = \cr & = 2\sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\sum\limits_{j = 0}^m {\left( \matrix{ m \cr 2j + 1 \cr} \right) x_m ^{2j + 1} \left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } } \right)} = \cr & = 2\sum\limits_{j = 0}^m {\left( \matrix{ m \cr 2j + 1 \cr} \right)x_m ^{2j + 1} \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } } \cr} $$
It remains to demonstrate that $$ \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^q } = 0\quad \left| {\;0 \le q < m-1} \right. $$ as numerically it checks for the first few values of m.
Upon that we have the recursion step $$ \eqalign{ & \left( {2m} \right)!!\prod\limits_{k = 1}^m {x_k } = 2mx_m \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1} } = \cr & = \left( {2m} \right)!!\prod\limits_{k = 1}^m {x_k } = 2mx_m \left( {2\left( {m - 1} \right)} \right)!! \prod\limits_{k = 1}^{m - 1} {x_k } \cr} $$
Indeed, taking the derivative wrt $x_m$ of both sides $$ \eqalign{ & {\partial \over {\partial x_m }}\left( {2m} \right)!!\prod\limits_{k = 1}^m {x_k } = \left( {2m} \right)!!\prod\limits_{k = 1}^{m - 1} {x_k } = \cr & = {\partial \over {\partial x_m }}\sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {\prod\limits_{k = 1}^m {s_k } } \right)\left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^m } \right)} = \cr & = m\sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {s_m ^2 \prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^{m - 1} } \right)} = \cr & = m\sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^{m - 1} } \right)} = \cr & = {\partial \over {\partial x_m }}2\sum\limits_{j = 0}^m {\left( \matrix{ m \cr 2j + 1 \cr} \right)x_m ^{2j + 1} \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } } \cr & = 2\sum\limits_{j = 0}^m {\left( {2j + 1} \right)\left( \matrix{ m \cr 2j + 1 \cr} \right)x_m ^{2j} \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } } \Rightarrow \cr & \Rightarrow \left\{ \matrix{ {{\left( {2m} \right)!!} \over m}\prod\limits_{k = 1}^{m - 1} {x_k } = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^{m - 1} } \right)} \hfill \cr \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right)\left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } = 0\quad \left| {\;0 < j} \right. \hfill \cr} \right. \cr} $$
Thus the combined hypothesis $$ \left( \matrix{ \left( {2m} \right)!!\prod\limits_{k = 1}^m {x_k } = \sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_m } \right) \in \left\{ { - 1,1} \right\}^m } {\left( {\left( {\prod\limits_{k = 1}^m {s_k } } \right) \left( {\sum\limits_{k = 1}^m {s_k x_k } } \right)^m } \right)} \wedge \hfill \cr \wedge \left( {\left[ {0 < j \le {{m - 1} \over 2}} \right]\sum\limits_{\left( {s_1 ,s_1 , \cdots ,s_{m - 1} } \right) \in \left\{ { - 1,1} \right\}^{m - 1} } {\left( {\prod\limits_{k = 1}^{m - 1} {s_k } } \right) \left( {\sum\limits_{k = 1}^{m - 1} {s_k x_k } } \right)^{m - 1 - 2j} } = 0} \right) \hfill \cr} \right) $$ (the square bracket denotes the Iverson bracket)
which is true for $m=1,2,3$ is demonstrated by induction.