Weeks 5 and 6 objective:

Utilize simple hypothesis testing procedures and standard statistical diagnostic tests to evaluate the appropriateness of linear regression models' specification, goodness of fit, and to test for significances of estimated coefficients of the models

For the applied assignment,please submit a5-6slide PPT

PART 1: context:Introduce a real-world business situation or an imagined business scenario that may benefit from the models and procedurespresented in the prior two weeks. While creating the context, ask yourself:What business use casesmay benefit from the quantitative methods offered last week and this week? Pick one. describe it clearly in your PPT presentation.

Part 2: Show with exampleshowthe"math"or quantitative methodology introduced in the prior two weeks relate to the business use caseyou introduced. (e.g., does the math/methodology help to resolve a business problem?) Give examples. Use technical terminology when necessary.

Part 3:Reflect on yourlearning by answering these questions:What changes have you observedin your own learning or knowledge of math/quantitative methods as a result of the topics introducedin Weeks 5 and 6 of this course?