Question: PLEASE HELP ME ENTER INTO EXCEL You are given data on recently completed auctions of Mini Coopers. Use this data to build a linear regression
PLEASE HELP ME ENTER INTO EXCEL
| You are given data on recently completed auctions of Mini Coopers. | |||||||||||||
| Use this data to build a linear regression model to predict the estimated selling price of Mini Coopers | |||||||||||||
| using age and mileage as predictor variables. | |||||||||||||
| Complete the following tasks: | |||||||||||||
| 1 | Use the Data Analysis, Regression tool of Excel to generate summary output. | ||||||||||||
| 2 | Develop a regression based forecast of selling prices of Mini Coopers. | ||||||||||||
| 3 | On a line graph show the actual and regression forecasted selling prices of cars - the title of the graph | ||||||||||||
| should display your name. | |||||||||||||
| 4 | Interpret the value of R square. | ||||||||||||
| 5 | Are the results statistically significant at the .05 level? Explain. | ||||||||||||
| 6 | Interpret the values of X coefficients for each of the predictor variables in your model. | ||||||||||||
| 7 | What other variables would you recommend to build a more accurate regression model for this problem? | ||||||||||||
| 8 | On a separate sheet (rename it LEAST_SQR_Minis) find the values of b0, b1 and b2 parameters using the method of least squares. | ||||||||||||
| Price | Age | Mileage |
| $18,999.00 | 2 | 15,195 |
| $28,999.00 | 4 | 11,371 |
| $40,700.00 | 1 | 700 |
| $7,200.00 | 3 | 771,464 |
| $8,499.00 | 8 | 53,282 |
| $12,750.00 | 5 | 62,400 |
| $10,501.00 | 2 | 13,200 |
| $11,655.55 | 6 | 49,683 |
| $11,997.00 | 5 | 92,000 |
| $19,985.00 | 1 | 25,502 |
| $17,500.00 | 4 | 13,200 |
| $16,991.00 | 3 | 28,969 |
| $16,305.02 | 1 | 13,804 |
| $14,050.00 | 4 | 57,998 |
| $13,995.00 | 5 | 46,863 |
| $7,000.00 | 8 | 102,000 |
| $8,300.00 | 7 | 77,938 |
| $18,218.00 | 1 | 7,200 |
| $24,000.00 | 2 | 29,500 |
| $19,900.00 | 4 | 43 |
| $22,895.00 | 1 | 13,800 |
| $20,200.00 | 2 | 14,000 |
| $6,300.00 | 7 | 62,000 |
| $17,000.00 | 2 | 13,000 |
| $10,000.00 | 7 | 66,272 |
| $8,876.98 | 7 | 64,000 |
| $20,500.00 | 1 | 5,189 |
| $15,000.00 | 6 | 48,678 |
| $13,855.00 | 5 | 22,307 |
| $14,850.00 | 4 | 28,000 |
| $23,100.00 | 3 | 26,401 |
| $19,900.00 | 4 | 13,379 |
| $7,250.00 | 5 | 107,419 |
| $11,109.99 | 4 | 32,998 |
| $21,323.47 | 1 | 8,500 |
| $5,000.00 | 5 | 49,549 |
| $13,995.00 | 5 | 44,289 |
| $14,000.00 | 2 | 18,799 |
| $10,600.00 | 6 | 69,314 |
| $22,900.00 | 4 | 26,883 |
| $17,343.00 | 3 | 20,291 |
| $20,500.00 | 1 | 5,207 |
| $15,000.00 | 5 | 4,958 |
| $13,899.00 | 5 | 22,409 |
| $13,850.00 | 4 | 28,000 |
| $24,100.00 | 3 | 26,304 |
| $19,900.00 | 4 | 13,379 |
| $7,150.00 | 5 | 108,429 |
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