(Q3) For this part of your project, you are doing some more advanced level of statistical analysis. Choose any dataset uploaded in the "Datasets" folder which contains at least two variables. (25) (a) Consider any two variables from your dataset. You should have a series of data for each variable. Try to work with a bigger sample size and select data where the variables have some causal relationship. Like one is a dependent and the other is an independent variable. Oklahoma sales and use tax data (2019 and 2020) 2019 2020 69,789,164.72 61,297,049.85 49,426,938.44 52,949,409.21 58,208,863.52 53,778,028.78 59,555,751.89 62,134,634.89 56,000,708.29 61,787,411.70 58,794,507.68 65,964,278.87 58,021,609.42 65,929,818.66 64,110,664.49 65,413,297.33 58,055,253.43 64,759,629.42 60,359,151.50 64,007,100.08 61,350,441.43 71,557,697.75 61,297,049.85 78,861,854.89 (d) Next, you do a basic regression analysis. Using Excel, present a regression output between a dependent and one independent variable. SUMMARY OUTPUT Regression Statistics Multiple R RSquare 0.39779722 0.15824263 Adjusted R Squi 0.07406689 Standard Error Observations ANOVA 4629294.38 12 df Regression Residual Total 55 MS F gnificance F 1 4.03E+13 4.03E+13 1.879908 0.200328 10 2.14E+14 2.14E+13 11 2.55E+14 Intercept Tax sale 2020 Coefficients andard Err t Stat P-value Lower 95% Upper 95% Lower 95.0% Ipper 95.0% 41932575.3 12940823 3.240333 0.008864 13098625 70766526 13098625.1 70766526 0.2755962 0.201004 1.371097 0.2003 28 -0.17227 0.723461 -0.1722689 0.723461 (e) Obtain estimated coefficients and R-squared and interpret them. By interpretation, state the influence of the estimated independent variable on the dependent variable and check whether its statistically significant. (f) Finally, present a neat report on the above findings. (For a nice report, follow some of the guidelines for report writing I have attached with this assignment).
(Q3) For this part of your project, you are doing some more advanced level of statistical analysis. Choose any dataset uploaded in the "Datasets" folder which contains at least two variables. (25) (a) Consider any two variables from your dataset. You should have a series of data for each variable. Try to work with a bigger sample size and select data where the variables have some causal relationship. Like one is a dependent and the other is an independent variable. Oklahoma sales and use tax data (2019 and 2020) 2019 2020 69,789,164.72 61,297,049.85 49,426,938.44 52,949,409.21 58,208,863.52 53,778,028.78 59,555,751.89 62,134,634.89 56,000,708.29 61,787,411.70 58,794,507.68 65,964,278.87 58,021,609.42 65,929,818.66 64,110,664.49 65,413,297.33 58,055,253.43 64,759,629.42 60,359,151.50 64,007,100.08 61,350,441.43 71,557,697.75 61,297,049.85 78,861,854.89 (d) Next, you do a basic regression analysis. Using Excel, present a regression output between a dependent and one independent variable. SUMMARY OUTPUT Regression Statistics Multiple R RSquare 0.39779722 0.15824263 Adjusted R Squi 0.07406689 Standard Error Observations ANOVA 4629294.38 12 df Regression Residual Total 55 MS F gnificance F 1 4.03E+13 4.03E+13 1.879908 0.200328 10 2.14E+14 2.14E+13 11 2.55E+14 Intercept Tax sale 2020 Coefficients andard Err t Stat P-value Lower 95% Upper 95% Lower 95.0% Ipper 95.0% 41932575.3 12940823 3.240333 0.008864 13098625 70766526 13098625.1 70766526 0.2755962 0.201004 1.371097 0.2003 28 -0.17227 0.723461 -0.1722689 0.723461 (e) Obtain estimated coefficients and R-squared and interpret them. By interpretation, state the influence of the estimated independent variable on the dependent variable and check whether its statistically significant. (f) Finally, present a neat report on the above findings. (For a nice report, follow some of the guidelines for report writing I have attached with this assignment).
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
Related questions
Question
Transcribed Image Text:(Q3) For this part of your project, you are doing some more advanced level of statistical analysis.
Choose any dataset uploaded in the "Datasets" folder which contains at least two variables.
(25)
(a) Consider any two variables from your dataset. You should have a series of data for each
variable. Try to work with a bigger sample size and select data where the variables have
some causal relationship. Like one is a dependent and the other is an independent
variable.
Oklahoma sales and use tax data (2019 and 2020)
2019
2020
69,789,164.72
61,297,049.85
49,426,938.44
52,949,409.21
58,208,863.52
53,778,028.78
59,555,751.89
62,134,634.89
56,000,708.29
61,787,411.70
58,794,507.68
65,964,278.87
58,021,609.42
65,929,818.66
64,110,664.49
65,413,297.33
58,055,253.43
64,759,629.42
60,359,151.50
64,007,100.08
61,350,441.43
71,557,697.75
61,297,049.85
78,861,854.89
Transcribed Image Text:(d) Next, you do a basic regression analysis. Using Excel, present a regression output
between a dependent and one independent variable.
SUMMARY OUTPUT
Regression Statistics
Multiple R
RSquare
0.39779722
0.15824263
Adjusted R Squi 0.07406689
Standard Error
Observations
ANOVA
4629294.38
12
df
Regression
Residual
Total
55
MS
F
gnificance F
1 4.03E+13 4.03E+13 1.879908 0.200328
10 2.14E+14 2.14E+13
11 2.55E+14
Intercept
Tax sale 2020
Coefficients andard Err t Stat P-value Lower 95% Upper 95% Lower 95.0% Ipper 95.0%
41932575.3 12940823 3.240333 0.008864 13098625 70766526 13098625.1 70766526
0.2755962 0.201004 1.371097 0.2003 28 -0.17227 0.723461 -0.1722689 0.723461
(e) Obtain estimated coefficients and R-squared and interpret them. By interpretation, state
the influence of the estimated independent variable on the dependent variable and check
whether its statistically significant.
(f) Finally, present a neat report on the above findings.
(For a nice report, follow some of the guidelines for report writing I have attached with
this assignment).
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