Question: Use the regression model of Data Analysis for the data. If the log - linear regression should be used, prepare the data before adding the

Use the regression model of Data Analysis for the data. If the log-linear regression should be used, prepare the data before adding the regression model.
Preparing Data (if the log-linear regression should be used)
Go to the Data worksheet. In cell C1, type LN Price. In cell D1, type LN Quantity.
In cell C2, by using a cell reference, calculate LN of the Retum Price in cell A2. Copy the formula from cell C2 down the column to cell C21. Use the Excel LN function.
In cell D2, by using a cell reference, calculate LN of the Return Completed in cell B2. Copy the formula from cell D2 down the column to cell D21. Use the Excel LN function.
6 Adding Regression Model
Go to the Data worksheet if you are not already there. Select the Data Analysis in the Analyze group of the Data tab of the Ribbon (note you should add this Add-in in case you do not have it in the Data tab already). Select Regression and click OK. Select the cells in the Retums Completed column as the Input Y Range and the cells in the Return Price column as the Input x Range if the linear regression should be used. Select the cells in the LN Quantity column as the Input Y Range and the cells in the LN Price column as the Input X Range if the log-linear regression should be used. Choose cell F1 on the Data worksheet as the output range. Do not check any additional boxes in the regression model menu.
On the Problem worksheet, in cells D9 and H9, determine the correct variables to be used in the least squares regression equation. In cells E9 and G9, enter the values of the coefficients to write the least square regression equation in the proper form. Use cell references to the
 Use the regression model of Data Analysis for the data. If

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 Databases Questions!