Multiple regression analysis in Excel produced the following tables 1 State the multiple regression equation 2 Interpret the meaning of the coefficients X 1 and X 2 in the table 3 Forecast the value of the dependent variable if X 1 20 and X 2 9 Coefficients Standard Error t Statistic p value 0 000947 720 9429 Intercept 154 5534 3 990108 2 333548 3 2897 0 170675 1 43058 5 83E 05 0 335605 5 30407 1 17015 X, df SS MS p value 0 000286 Regression Residual 121,783 61,876 68 183,659 6 60,891 48 4,125 112 14 76117 15 Total 17

Question: Multiple regression analysis in Excel produced the following tables: 1. State the multiple regression equation. 2. Interpret the meaning of the coefficients X 1 and

Multiple regression analysis in Excel produced the following tables:

Coefficients Standard Error t Statistic p value 0.000947 720.9429 Intercept 154.5534 3.990108 2.333548 -3.2897 0.170675

1. State the multiple regression equation.

2. Interpret the meaning of the coefficients X₁ and X₂ in the table.

3. Forecast the value of the dependent variable if X₁ = 20 and X₂ = 9.

Coefficients Standard Error t Statistic p value 0.000947 720.9429 Intercept 154.5534 3.990108 2.333548 -3.2897 0.170675 -1.43058 5.83E-05 0.335605 5.30407 1.17015 X, df SS MS p value 0.000286 Regression Residual 121,783 61,876.68 183,659.6 60,891.48 4,125.112 14.76117 15 Total 17

Step by Step Solution

★★★★★

3.28 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Y 7209 329 X 1 117 X 2 2 For every unit in... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Operations Management Questions!

Scenario: You are consultant for the Excellent Consulting Group. Your client wants to be able to forecast sales on a monthly basis and believes that there is a valid relationship between sales and...

Your finished work should be submitted in Microsoft word format, i.e., .doc file, and is named as required. For Example, if Betty Jones and John Smith finish project 2 individually, they should be...

Multiple regression. Bebe Williams wonders if she should run a multiple regression with both number of setups and number of setup hours, as cost drivers. If you want to use Excel to solve this...

Multiple regression analysis in Excel produced the following tables: Multiple regression analysis in Excel produced the following tables: Coefficients Standard Error Intercept 789.8828 126.1765...

4 Messenger 11:03 Fri 21 Oct n o a .5; a: 35% E]. cdn.fbsbx.com 0 Case 1: Forecasting overhead at Wagner printers ( Wagner Printers performs all types of printing, including custom work, such as...

Period A Date selling price address number of bedroms number of bathrooms property size (m2) distance to nearest train station or bus stop in KM 23/02/2023 $ 835,000.00 7b Winthrop Drive, Winthrop 4...

Based on the given multiple regression output tables below, answer the following questions: (a) State the multiple regression model for this analysis. (b) Explain the influence of each independent...

MNGT 379: Business Analytics Chapter 4, Problem Set 1 1. A realtor wishes to investigate the relationship between the selling price and the size and age of the house in Geen City. She took a random...

Multiple Regression Analysis Assignment Please answer the following questions based on the four videos. Multiple Regression Part 1: The Very Basics https://www.youtube.com/watch?v=dQNpSa-bq4M Why do...

Wagner Printers performs all types of printing, including custom work, such as advertising displays, and standard work, such as business cards. Market prices exist for standard work, and Wagner...

Consider the function f(x) = . Let T, be the nth degree Taylor approximation of f(1.02) about a = 1. %3D Find: T %3D T2 %3D Use 4 decimal places in your answer, but make sure you carry all decimals...

3 Write a composition presenting the arguments for and against extreme sports. In one sentence say what your composition is about. tam going to consider the orguments for and against. INTRODUCTION...

How does a solar easement transfer when a property is sold in Nevada? It is attached to the land and transfers with it .

(Adapted from Bjork (2004).) Define the process y = (yt) by yt = z4 t , where z = (zt) is a standard Brownian motion. Find the dynamics of y. Show that Show that E[yt] E[z4 t ] = 3t2, where E[ ]...

What is eprocurement?

L. Houts Plastics is a large manufacturer of injection-moulded plastics in Ontario. An investigation of the companys manufacturing facility in Mississauga yields the information presented in the...

Bell Canada stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15 000 units. Bell estimates its annual holding...

1 Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Question 1: A. Pretend that the United States is in a "more normal" economic climate than it currently is. Suppose that Jerome Powell, Chairman of the Federal Reserve, announces that the Fed plans to...

4/11/10 Chapter 12 Mini Case Figure MC-1. Financial Statements and Other Data (Millions except per share data) Balance Sheet, Hatfield, 12/31/10 Income Statement, Hatfield, 2010 Cash and securities...