ExcelAnalytics_Job-OrderCostingandRegressionAnalysis_Template

xlsx

School

San Diego State University *

*We aren’t endorsed by this school

Course

202

Subject

Statistics

Date

Feb 20, 2024

Type

xlsx

Pages

4

Uploaded by ProfTeam19560

Report
Regression Function: Regression is an analytics approach within Microsoft Excel that will provide correlation statistics on how well predict the value of another variable. When performing regression analysis, one of the key statistics we look which is also known as the coefficient of determination. It tells us how closely the data are to the fitted regre Regression can be executed in a number of approaches. The below approach focuses on the use of a scatterp to obtain the regression values and formula: Below is a description of the Excel formula and an example of how to use it: Create a scatterplot of your data: Highlight the data you wish to plot in an xy relationship: If the xy data is right beside each other you can highlight all of data at one time. If the xy data is not beside e highlight one column of data, then hold in "ctrl" and then select the second range of data Go to the “Insert” ribbon and within the “Charts” section choose the drop down for “Scatter” and choose the “Scatter" Click on the visualization you created to have the “Chart Tools” option to appear in Excel. Then click within th and within the “Chart Layouts” click on the drop-down for “Add Chart Element” and choose “Trendline” and c Trendlines Options” The Trendline format options will appear on the right. Click on the “Trendline Options” header and do the fol - Make sure the “Linear” radio button is selected - At the bottom of the options check to boxes for both: - “Display Equation on Chart” and - “Display R-squared Value on Chart
one variable can for is R-squared ession line. plot with a trend line each other, you can e first option for he “Design” option choose “More llowing:
Landis Company Electrical Costs Regression Analysis Week 1 7,700 8,910 $ 76,200 2 8,900 8,920 $ 83,800 3 8,600 8,870 $ 81,000 4 8,100 8,840 $ 80,800 5 7,600 8,990 $ 79,400 6 7,100 8,940 $ 70,700 7 5,500 8,870 $ 61,500 8 6,800 8,910 $ 73,900 7,700 $ 76,200 8,900 $ 83,800 8,600 $ 81,000 8,100 $ 80,800 7,600 $ 79,400 7,100 $ 70,700 5,500 $ 61,500 6,800 $ 73,900 Machine- Hours Direct Labor- Hours Electrical Costs Machine- Hours Electrical Costs 8,800 8,850 8,900 8,950 9,000 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Electrical Costs Elec Line 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,5 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Electrical Costs
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help
ctrical Costs ear (Electrical Costs) 500 9,000 9,500

Related Documents

Lab+3+Linear+Regression+and+Sampling.pdf
Lab 1 Summaries and Visualizations.pdf
quiz1.pdf
Jamovi HW4 - Kya Andrade.docx
NEWTest2Solutions 3.pdf
Assignment4SolutionsNEW.pdf
lab.pdf
Team 7_DataAnalysis_12072023.docx
Exam1_Review.pdf
Unit 7 Assessment statistics.docx
Unit 3 Stat paper with data tool pack.docx
PH1700_Answer_Key_Exercises in Preparation for Midterm_10_05_2022_03.pdf
Recommended textbooks for you
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Cengage Learning
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
SEE MORE TEXTBOOKS
Recommended textbooks for you
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Trigonometry (MindTap Course List)
Trigonometry
ISBN:9781305652224
Author:Charles P. McKeague, Mark D. Turner
Publisher:Cengage Learning
Text book image
Big Ideas Math A Bridge To Success Algebra 1: Stu...
Algebra
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:Houghton Mifflin Harcourt
Text book image
College Algebra
Algebra
ISBN:9781938168383
Author:Jay Abramson
Publisher:OpenStax
SEE MORE TEXTBOOKS