Sales of a particular product for the years 2017through 2020 have been 47,484, 55,230, 57,412 and75,305 respectively.If you are going to find the sales forecast by usingsimple regression (least squares) method, whatwould be the value of (a) for the regressionequation?

The simple linear regression equation is used to predict the value of response variable using one…

Answered: Sales of a particular product for the…

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

Similar questions

A sports blogger is looking to determine an equation that relates a professional football quarterback's salary with his passer rating, touchdowns thrown, the average number of wins per season, and the number of years the quarterback has been in the league. What is the correct format for a multiple regression equation? Select the correct answer below: yˆ=b0+b1x1+b2x2+b3x3 yˆ=b1x1+b2x2+b3x3 yˆ=b0+b1x1+b2x2+b3x3+b4x4 yˆ=b0+b1x1+b2x2
Heights and answers to the question, "How much would you like to weigh?" were recorded for n=126 women in a statistics class. A regression equation for y=desired weight (in pounds) and x=height (in inches) is Estimated mean desired weight= - 65.4 + 2.90 (Height) D = bo + bịx a. What is the value of the slope of this regression equation?
Scenario: A medical researcher wishes to see whether there is a relationship between a person's age, cholesterol level, and systolic blood pressure. Eight people are randomly selected. The data is listed in the table. First, find the multiple regression equation. Next, determine the coefficient of determination. Then, use the regression equation to predict a person's blood pressure reading if the person selected is 50 years old with a cholesterol reading of 220. Age Cholesterol level Blood pressure Person 1 38 220 116 Person 2 41 225 120 Person 3 45 200 123 Person 4 48 190 131 Person 5 51 250 142 Person 6 53 215 145 Person 7 57 200 148 Person 8 61 170 150 Discussion Prompts Respond to the following prompts in your initial post: 1. Identify the explanatory variables and response variable for the data. 2. What is the multiple regression equation for the data? 3. What is the coefficient of determination? 4. If a person 50 years old with a cholesterol of 220 is selected, what is that…
A temperature dataset gives y mean April temperature (Fahrenheit) and x = geographic latitude for 20 U.S. cities. The simple linear regression equation for the sample is ŷ = 119 - 1.64x. (a) The value of latitude for a certain city is 41. What is the predicted April temperature for this city? (Round your answer to the nearest tenth.) degrees Fahrenheit (b) The mean April temperature for this city is 48. What is the residual for the city? (Round your answer to the nearest tenth.) degrees Fahrenheit You may need to use the appropriate table in the Appendix of Tables to answer this question.
Explain what the Coefficient of Determination (R2: R squared) is, and explain how the measure is used for Linear Regression models.
How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?
What is basic regression? What is multiple regression? How do they both relate to Data Mining?
Draw the regression line for the following equation: Y = -3 + (1) X Show your calculation for a low and high value on the predictor value.
1. Develop a simple linear regression equation for starting salaries using an independent variable that has the closest relationship with the salaries. Explain how you chose this variable.
What are some ideas for practice problems that use the regression equation?
The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 98% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $878.The equation of the regression line is y=1.342x+55.816. Wages [state]- 712, 746, 786, 803, 841, 879, 918, 926, 954, 979 Wages [federal]- 1,024, 1,048, 1,098, 1,135, 1,195, 1,240, 1,270, 1,299, 1,340, 1,376 Construct and interpret a 98% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $878. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) PICK THE CORRECT ANSWER [A] We can be 98% confident that when the average weekly wages of state government employees is $878, the average weekly wages of…
The table shows the number of goals allowed and the total points earned (2 points for a win, and 1 point for an overtime or shootout loss) by 14 ice hockey teams over the course of a season. The equation of the regression line is ŷ= -0.556x+217.766. Use the data to answer the following questions. (a) Find the coefficient of determination, 12, and interpret the result. (b) Find the standard error of the estimate, Se, and interpret the result. 213 213 223 226 259 266 281 202 210 205 226 207 259 239 D Goals Allowed, x Points, y 109 109 102 91 88 80 52 105 107 98 95 85 68 66 (a)² = (Round to three decimal places as needed.) Interpret the coefficient of determination. Select the correct choice below and fill in the answer box to complete your choice. (Round to one decimal place as needed.) OA. About OB. About (b) Se = % of the variation in points earned can be explained by the relationship between number of goals allowed and points earned. The remaining variation is unexplained. % of the…

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

Sales of a particular product for the years 2017 through 2020 have been 47,484, 55,230, 57,412 and 75,305 respectively. If you are going to find the sales forecast by using simple regression (least squares) method, what would be the value of (a) for the regression equation?