Hi this question may have been posted before do not know just looking for assistance and having difficulties, the question comes from my online discussion forum post (SCMG 305 Global demand management)
Investigate the cause-and-effect relationships utilizing regression analysis, find one authoritative resource in the form of a U-tube video or Website that explains the use of regression analysis as a prediction model for
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- Consider the following estimated regression model relating annual salary to years of education and work experience. Estimated Salary=11,722.40+3182.56(Education)+1202.44(Experience)Estimated Salary=11,722.40+3182.56(Education)+1202.44(Experience) Suppose an employee with 66 years of education has been with the company for 33 years (note that education years are the number of years after 8th8th grade). According to this model, what is his estimated annual salary?arrow_forward8arrow_forwardA company wants to develop a simple linear regression model for one of its products. Use the following 12 periods of historical data to develop the regression equation and use it to forecast the next three periods. Click the icon to view the historical data for the previous 12 periods. The simple linear regression line is F₁ =+x. (Enter your responses rounded to two decimal places and include a minus sign if necessary.) Find the forecasts for periods 13-15 based on the simple linear regression and fill in the table below (enter your responses rounded to two decimal places). X Period Forecast (F₁) fo Period (x) 1 2 3 4 5 6 7 8 9 10 11 12 at (y) 211 184 199 187 156 150 162 165 146 130 119 129 ㅁ - 13 14 15 Nextarrow_forward
- I need Explaination based on the answer key answer is D but how. It is econometricsarrow_forwardFind the degrees of freedom in a regression model that has 40 observations, 6 independent variables and one intercept. a. 33 b. 47 c. 7 d. 39arrow_forwardIn a regression model, if the variance of the dependent variable, y, conditional on an explanatory variable, x, or Var(y/x), is not constant, a. the t statistics are invalid and the confidence intervals are valid for small sample sizes. b. the t statistics are valid and the confidence intervals are invalid for small sample sizes. c. the t statistics and the confidence intervals are valid no matter how large the sample size. d. the t statistics and the confidence intervals are both invalid no matter how large the sample size. O a. a O b. b О с. C ○ d. darrow_forward
- You are interested in how the number of hours a high school student has to work in an outside job has on their GPA. In your regression you want to control for high school standing and so you run the following regression: GPA = 3.4 0.03 * HrsWrk - 0.7 * Frosh - 0.3 * Soph +0.1 * Junior (1.1) (0.013) (0.23) (0.14) (0.08) where HrsWrk is the number of hours the student works per week, and Frosh, Soph, and Junior are dummy variables for the student's class standing. a) If you include a dummy variable for seniors, that would cause a Hint: type one word in each blank. For the rest of questions, type a number in one decimal place. b) The expected GPA of a Sophomore who works 10 hours per week is c) The expected GPA of a Senior who works 10 hours per week is d) If Dom and Sarah work the same number of hours per week, but Dom is a Junior and Sarah is a Freshman. Dom is expected to have a higher GPA than Sarah. e) Suppose you rewrite the regression as: problem. GPA = ₁HrsWrk + ß2Frosh + B2Soph +…arrow_forwardPlease help me with both the question. Answer there are incorrectarrow_forwardHelp!arrow_forward
- An analyst working for your firm provided an estimated log-linear demand function based on the natural logarithm of the quantity sold, price, and the average income of consumers. Results are summarized in the following table: SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept LN Price LN Income df 0.968 0.937 0.933 0.003 30 SS MS F 2 0.003637484 0.001818742 202.48598 0.000242516 8.98206E-06 27 29 0.00388 Coefficients Standard Error 0.57 0.00 0.13 0.51 -0.08 0.15 t Stat 0.90 -19.50 1.13 P-value 0.37 0.00 0.27 Significance F 5.55598E-17 Lower 95% -0.65 -0.09 -0.12 How would a 4 percent increase in income impact the demand for your product? Demand would increase by 60 percent. Demand would increase by 0.6 percent. Demand would decrease by 60 percent. Demand would decrease by 0.6 percent. Upper 95% 1.68 -0.07 0.41arrow_forwardPlease provide me with the correct answer, along with the calculations, and do not use any AI toolsarrow_forwardDefine coefficients of the Linear Regression Model?arrow_forward
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