4. Interpret the excel regression results below. SUMM ARY OUTP UT Regression Statistics Multiple R R Square Adjusted R Square 0.916112654 0.839262395 0.833719718 Standard E ror 0. 193622646 Observations 31 ANOVA df MS Significance F SS Regression 1 5.676629734 5.676629734 151.4182656 4.91029E-13 Residual 29 1.087202139 0.037489729 Total 30 6.763831874 Coefficients Standard Eror t Stat Pvalue Lower 95% Upper 95% Intercept 8.44 0.47613692 17.72316294 4.22539E-17 7.464842337 9.412462084 In P -1.58 0. 128360421 -12.30521294 4.91029E -13 -1.842028993 -1.316975632 The regression is on daily ticket sales data, with varying prices. Natural logarithms were taken of both the number of tickets sold each day (dependent variable) and the price (independent variable) before running the regression. Give specific responses to the following: What is the effect of a 1% increase in price on ticket sales? Is the estimated effect statistically significant? How much of the total variation in InQ is explained by InP?
4. Interpret the excel regression results below. SUMM ARY OUTP UT Regression Statistics Multiple R R Square Adjusted R Square 0.916112654 0.839262395 0.833719718 Standard E ror 0. 193622646 Observations 31 ANOVA df MS Significance F SS Regression 1 5.676629734 5.676629734 151.4182656 4.91029E-13 Residual 29 1.087202139 0.037489729 Total 30 6.763831874 Coefficients Standard Eror t Stat Pvalue Lower 95% Upper 95% Intercept 8.44 0.47613692 17.72316294 4.22539E-17 7.464842337 9.412462084 In P -1.58 0. 128360421 -12.30521294 4.91029E -13 -1.842028993 -1.316975632 The regression is on daily ticket sales data, with varying prices. Natural logarithms were taken of both the number of tickets sold each day (dependent variable) and the price (independent variable) before running the regression. Give specific responses to the following: What is the effect of a 1% increase in price on ticket sales? Is the estimated effect statistically significant? How much of the total variation in InQ is explained by InP?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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