Question: Consider the following Multiple liner regression output to predict demand (in 100,000 units) for a product given variables Period, ADV ($10,000), DIF ($) and AIP

Consider the following Multiple liner regression
Consider the following Multiple liner regression
Consider the following Multiple liner regression
Consider the following Multiple liner regression output to predict demand (in 100,000 units) for a product given variables Period, ADV ($10,000), DIF ($) and AIP ($) SUMMARY OUTPUT Alegression States Multiple R R Square Adjusted R Square Standard Error Observations 0.9572672 0.91636048 0.9044 1198 0.38946319 33 ANOVA MS 46.5313572 Significance 11338AEAA 76.6924985 Regression Residual Total 11.6328393 0.15168158 28 4.24708422 50.7784414 Coefficients t Stat P.value 18.14 0.11 Intercept PERIOD ADV DIFF AIP 0.088 0.87 -0.77 Standard Error 3.24594179 0.01245496 0.12266881 0.37605127 0.50108484 5.58894132 8.6242017 0.72914335 2.13772628 -1.54243023 5.5623E-06 2.2696E-09 0.47196954 0.04140952 0.13419656 0 3023 0.13419656 A-Construct the multiple linear regression equation to forecast demand based on given four variables B Using the above equation, forecast demand for the 40" period if ADV=11.50, DIFF = 0.50, and AIP - $7.00. C- Is this model is good for prediction purposes? Why? D-What percentage of variation in demand is explained by these variables in the model? Explain. E-Rank the independent variables based on their degree of contribution to the model (highest contribution to lowes F. Find the incremental change in demand if ADV is increased by $2 ($20,000, use only $2 in formula)

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