1, Estimate a linear regression, with Quantity as your dependent (y) variable. Your independent variables are Price, Xmas, Summer, and the Day of the Week variables.2. Write out the estimated equation. 3. For each value of price (0 through 100 in increments of 5), plug the price into the estimated regression equation to get a “predicted quantity.” What is the average of these predicted quantities? QuantitydayPriceXmasSummerMondayTuesdayWednesdayThursdayFridaySaturdaySunday1211620010000001682440001000001323520000100002304160000010002325280000001003686700000001022576300000000111586300100000014395000010000079107400001000085116100000100021012470000001002651341000000010348142000000000111715610010000001241649000100000451789000010000

Given information: The sample size is n=17. Dependent variable (y): Quantity. Independent variables:…

Answered: 1, Estimate a linear regression, with…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Question

1, Estimate a linear regression, with Quantity as your dependent (y) variable. Your independent variables are Price, Xmas, Summer, and the Day of the Week variables.

2. Write out the estimated equation.

3. For each value of price (0 through 100 in increments of 5), plug the price into the estimated regression equation to get a “predicted quantity.” What is the average of these predicted quantities?

Quantity	day	Price	Xmas	Summer	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
121	1	62	0	0	1	0	0	0	0	0	0
168	2	44	0	0	0	1	0	0	0	0	0
132	3	52	0	0	0	0	1	0	0	0	0
230	4	16	0	0	0	0	0	1	0	0	0
232	5	28	0	0	0	0	0	0	1	0	0
368	6	7	0	0	0	0	0	0	0	1	0
225	7	63	0	0	0	0	0	0	0	0	1
115	8	63	0	0	1	0	0	0	0	0	0
143	9	50	0	0	0	1	0	0	0	0	0
79	10	74	0	0	0	0	1	0	0	0	0
85	11	61	0	0	0	0	0	1	0	0	0
210	12	47	0	0	0	0	0	0	1	0	0
265	13	41	0	0	0	0	0	0	0	1	0
348	14	20	0	0	0	0	0	0	0	0	1
117	15	61	0	0	1	0	0	0	0	0	0
124	16	49	0	0	0	1	0	0	0	0	0
45	17	89	0	0	0	0	1	0	0	0	0