The director of a federal bureau is trying to anticipate his budget for next year so that
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Question:
The director of a federal bureau is trying to anticipate his budget for next year so that he can begin to plan and allocate resources. He has obtained data for this year and last year on the amount of funds budgeted to each federal agency. He regresses this year’s appropriation in dollars (Y) on last year’s appropriation in dollars (X) for the agencies and finds the following: Ŷ= 146,384 + 1.11X R2 = .81 n = 128 Analyze these results for the bureau director.
(a) Interpret the slope.
(b) Interpret the intercept.
(c) Interpret R2.
(d) If the budget for the bureau this year is $3,280,321, what can he expect the budget to be next year?
Related Book For
Applied Statistics For Public And Nonprofit Administration
ISBN: 9781285737232
9th Edition
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
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