Consider the following monthly revenue data for an up-and-coming cyber security company. Month 1 2 3 4 5 6 7 8 9 The summary output from a regression analysis of the data is also provided. Answer Revenue (Thousands of Dollars) 321 542 540 581 641 700 698 710 799 Sales Data Multiple R Revenue= Regression Statistics R Square Adjusted R Square Standard Error Month Revenue (Thousands of Dollars) 10 821 11 833 850 862 858 861 873 879 Observations 12 13 14 15 16 17 0.921077041 0.848382915 0.83827511 63.80312729 17 ANOVA SS F df MS Regression 1 341,679.531863 341,679.531863 83.9334416 Residual 15 61,062.585784 4070.839052 Total 16 402,742.117647 Coefficients Standard Error P-value Intercept 467.13970588 32.36730454 14.43245622 3.34210E-10 Month 28.93872549 3.158725486 9.161519612 1.56139E-07 Step 1 of 3: Write the estimated regression equation using the least squares estimates for bo and b₁. Round to four decimal places, if necessary. t Stat (Month) Table

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Consider the following monthly revenue data for an up-and-coming cyber security company.
Month
1
2
3
4
5
6
7
8
9
Answer
The summary output from a regression analysis of the data is also provided.
Revenue (Thousands of Dollars)
321
542
540
581
641
700
698
710
799
Sales Data
Month Revenue (Thousands of Dollars)
10
821
833
850
862
858
861
873
879
Revenue=
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
11
12
13
14
15
16
17
0.921077041
0.848382915
0.83827511
63.80312729
17
ANOVA
SS
F
df
MS
Regression 1 341,679.531863 341,679.531863 83.9334416
Residual 15 61,062.585784 4070.839052
Total 16 402,742.117647
Coefficients Standard Error
Intercept 467.13970588 32.36730454 14.43245622
Month 28.93872549 3.158725486 9.161519612
t Stat
Step 1 of 3: Write the estimated regression equation using the least squares estimates for bo and b₁. Round to four decimal places, if necessary.
P-value
3.34210E-10
1.56139E-07
Month
Tables
Keyboa
Transcribed Image Text:Consider the following monthly revenue data for an up-and-coming cyber security company. Month 1 2 3 4 5 6 7 8 9 Answer The summary output from a regression analysis of the data is also provided. Revenue (Thousands of Dollars) 321 542 540 581 641 700 698 710 799 Sales Data Month Revenue (Thousands of Dollars) 10 821 833 850 862 858 861 873 879 Revenue= Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 11 12 13 14 15 16 17 0.921077041 0.848382915 0.83827511 63.80312729 17 ANOVA SS F df MS Regression 1 341,679.531863 341,679.531863 83.9334416 Residual 15 61,062.585784 4070.839052 Total 16 402,742.117647 Coefficients Standard Error Intercept 467.13970588 32.36730454 14.43245622 Month 28.93872549 3.158725486 9.161519612 t Stat Step 1 of 3: Write the estimated regression equation using the least squares estimates for bo and b₁. Round to four decimal places, if necessary. P-value 3.34210E-10 1.56139E-07 Month Tables Keyboa
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