Answer the questions based on the regression results summarized below (if necessary, scroll down or right to view the (a) The regression is overall not significant ata =0.01 significance level. entire table). O True OLS Regression Resulta O False www * Dep. Variabler VariableY OLS Least Squares Tue, 25 May 2021 R-squared: Adj. R-squared F-statistic: 0.608 0.605 Model Method: (b) The independent variables can collectively explain % of the variability in Variable Y. (Round to one decimal place, 222.9 2.37e-87 Dates Prob (P-statistie) Log-Likelihood including any zeros.) Time No. Obeervatione DE Residuals Df Hodel. O1619 -1284.6 2577. 436 432 AIC DICI (c) There is a significant relation between the dependent variable and gach of the three independent variables ata = 0.01 significance level. 2593. Covariance Type: nonrobuat td e O True coet (0.025 0.9751 O False 25.941 -17.056 53.737 -0.713 Intercept Variable R Variable z VariableO 49.9519 -0.8064 1.926 0.047 0.000 0.000 46.167 199 0.0104 -1.0051 -0.009 -1.217 0.010 1.036 0.301 0.000 0.030 -0.793 (d) If Variable Q increases one unit, Variable Y would 0.108 -9.330 Omnibun Prob(Omnibus) s0.296 0.000 Durbin-wataon Jarque-Bera (JB) O A. Increase units 1.174 148.594 Skev Kurtosis Prob( JB) 1.038 : 5.41e-33 Cond. No. OB. Decrease units 4.967 644. OC. Not change (Round to three decimal places, including any zeros.) (e) Regression residuals are Normally distributed a = 0.01 significance level and therefore satisfy linear regression Normality assumption. O True O False
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
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