Question: 7, Interpret the values from the below Excel graph. SUMMARY OUTPUT Regression Statistics Multiple R 0.989778267 R Square 0.979661017 Adjusted R Square 0.969491525 Standard Error

7, Interpret the values from the below Excel graph. SUMMARY OUTPUT Regression Statistics Multiple R 0.989778267 R Square 0.979661017 Adjusted R Square 0.969491525 Standard Error 0.387298335 Observations ANOVA SS MS F Significance F Regression W N H 14.45 14.45 96.33333 0.010221733 Residual 0.3 0.15 Total 14.75 Coefficients Standard Error Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 7 0.474341649 14.75729575 0.00456 4.959072609 9.040927 4.959072609 9.040927391 Case Sales -1.7 0.173205081 -9.814954576 0.010222 -2.445241314 -0.95476 -2.445241314 -0.954758686 Write the regression equation for the excel printout. b. Interpret the regression equation. c. What is the value of R2? What is the standard error? d. What is the relationship of the sign of the correlation coefficient and the sign of B1(Slope of regression equation)? e. How is R2 calculated from the Excel printout above, "we went over 2 ways of doing this in class&quot

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 Economics Questions!

Use the following information to answer the question(s) below. Ford would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the...

A shipping company believes that the variation in the cost of a customer's shipment can be explained by differences in the weight of the package being shipped. To investigate whether a relationship...

A home appraisal company would like to develop a regression model that would predict the selling price of a house based on the age of the house in years (Age), the living area of the house in square...

SUMMARY OUTPUT Regression Statistics Multiple R R. Square Adjusted R. Square 0.125 Standard Error Observations ANOVA Df S'S MS F Significance F Regression 1 0.828 Residual 2.227 Total 6 Standard...

15. Please answer 1-5 re.com/courses/1503409/quizzes/1574218/take D Question 15 10 pts Below is part of the Excel output of a simple regression model: SUMMARY OUTPUT Regression Statistics Multiple R...

The editors of a national automotive magazine recently studied 30 different automobiles sold in the United States with the intent of seeing whether they could develop a multiple regression model to...

Please fill in the computer printout and answer the following questions. Please be sure to show work and fill in blanks. SUMMARY OUTPUT Regression Statistics Multiple R 0.9037 R Square ______...

The following results are from data concerning the amount withdrawn from an ATM machine based on the amount of time spent at the ATM machine (SECONDS) and the gender, FEMALE (dummy variable = 1 for...

SUMMARY OUTPUT Regression Statistics Multiple R 0.881187818 R 2 0.776491971 Adjusted R 2 0.720614963 Standard Error 14.76589647 Observations 16 ANOVA df SS MS F Significance F Regression 3...

Robin Corporation has the following four items in its ending inventory Determine the final lower-of-cost-of-market inventory value for eachitem. NRV Less Normal Profit Margin $1,600 4,100 3,700 3,070...

Use the information in the table to estimate a probability distribution for the frequency distribution of losses per worker in a year.

What is considered a demand factor that wilt impact the demand curve for a product? Multule Choice movketing metrics competitors' pricing corporate tax rate profit soles volume

Q3: (Please don't use handwriting + please read the attached because the answer should be from the attached) What are the major motivational issues at play in the fast food industry according to the...

3 What is a competence? What is meant by the competency- based approach to recruitment and selection?

1 Why is job analysis important?

2 What other tactics might a company use to recruit talent to an emerging industry? Bigmouthmedia is a digital marketing company offering services such as pay per click management, display...