The MINITAB output of a simple linear regression analysis of the data set for this case (see
Question:
The MINITAB output of a simple linear regression analysis of the data set for this case (see Table 13.3 is given in Figure 13.11. Recall that a labeled MINITAB regression output is on page 482.
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The regression equation is Demand7.81 2.67 PriceDif Coef SB Coef Predictor Constant 7.81409 0.07988 97.82 0.000 PriceDif 2.6652 0.2585 10.31 0.000 S=0.316561 R-Sq 79.2% R-Sq (adj) -78.4% = Analyais of Variance Source Regresaion Residual Brror 28 2.806 0.100 Total DF MS 1 10.653 10.653 106.30 0.000 29 13.459 Values of Predictora for New Obs Predicted Values for New Observations New Obs PriceDif Now Obs 95% CI 1 8.0806 0.0648 (7.9479, 8.2133) (7.4187, 8.7425) 2 8.4804 0.0586 (8.3604, 8.6004) (7.8209, 9.1398) Pit SE Fit 95% PI 0.100 0.250
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a b 0 7814 b 1 2665 b SSE 2806 s 2 c S b1 2585t 1031 d Reject H 0 ...View the full answer
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Related Book For
Essentials Of Business Statistics
ISBN: 9780078020537
5th Edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or
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