EQUATION 2: 0, = 0.10 - 2.53(SIZE) + 1.64(AO) EQUATION 3: 0, = 175.12 + 0.005(SIZE.) + 0.549(AO) Where: 0, = total daily trips perhousehold produced in zone i SIZE, = household sizein zone i AO, = auto-ownership level in zone i First, critique the three regression equations. Be specificin yourcritique. Second, select one equation to use. Be explicit in informing me of which equation you chose. Third, estimate the forecasted number of trips being produced.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
3. Multiple Regression Analysis
You have been asked to estimate the numberof trip productions that will result from anew
development (single zone) being considered. While you asked forforecasted number of trips, your
interns were busy checking Facebook, surfing the web, and texting their friends and collected the
following data which is actually the forecasted number of households in your trafficanalysis zone based
upon Auto Ownership and Family Size.
Auto Ownership
1
Family Size
2
1
15
75
25
2
36
98
127
45
120
198
In a last-ditch effort to have something to show your boss in the morning, you scoured the internet for
some type of regression equation you could use to estimate the numberof trips produced based upon
the data your interns collected for you. You identified the following three possible regression equations
to use:
EQUATION 1: 0, = 0.08 + 0.895(SIZE) + 0.549(AO)
EQUATION 2: 0, = 0.10 - 2.53(SIZE) + 1.64(AO.)
EQUATION 3: 0, = 175.12 + 0.005(SIZE.) + 0.549(AO)
Where:
0, = total daily trips perhousehold produced in zone i
SIZE, = household sizein zone i
AO, = auto-ownership level in zone i
First, critique the three regression equations. Be specificin yourcritique. Second, select one equation to
use. Be explicit in informing me of whichequation you chose. Third, estimate the forecasted number of
trips being produced.
3.
Transcribed Image Text:3. Multiple Regression Analysis You have been asked to estimate the numberof trip productions that will result from anew development (single zone) being considered. While you asked forforecasted number of trips, your interns were busy checking Facebook, surfing the web, and texting their friends and collected the following data which is actually the forecasted number of households in your trafficanalysis zone based upon Auto Ownership and Family Size. Auto Ownership 1 Family Size 2 1 15 75 25 2 36 98 127 45 120 198 In a last-ditch effort to have something to show your boss in the morning, you scoured the internet for some type of regression equation you could use to estimate the numberof trips produced based upon the data your interns collected for you. You identified the following three possible regression equations to use: EQUATION 1: 0, = 0.08 + 0.895(SIZE) + 0.549(AO) EQUATION 2: 0, = 0.10 - 2.53(SIZE) + 1.64(AO.) EQUATION 3: 0, = 175.12 + 0.005(SIZE.) + 0.549(AO) Where: 0, = total daily trips perhousehold produced in zone i SIZE, = household sizein zone i AO, = auto-ownership level in zone i First, critique the three regression equations. Be specificin yourcritique. Second, select one equation to use. Be explicit in informing me of whichequation you chose. Third, estimate the forecasted number of trips being produced. 3.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman