Step 1 of 3: Write the estimated regression equation using the least squares estimates for bo and b₁. Round to four decimal places, If necessar Answer Revenue= (Month)
Step 1 of 3: Write the estimated regression equation using the least squares estimates for bo and b₁. Round to four decimal places, If necessar Answer Revenue= (Month)
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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Question
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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)
315
535
533
574
628
659
697
709
789
Sales Data
Multiple R
R Square
Adjusted R Square
Standard Error
Revenue=
Month Revenue (Thousands of Dollars)
10
Observations
12
13
14
15
16
Regression Statistics
17
18
0.933348483
0.871139392
0.863085604
60.36074188
18
ANOVA
df
SS
MS
1
Regression
394,091.071207 394,091.071207
Residual 16 58,294.706570
Total
3643.419161
17 452,385.777778
Coefficients Standard Error
t Stat
Intercept 460.94771242
29.68313147
1552894488
Month 28.52012384 2.742253998 10.400248796
819
827
843
855
849
858
870
901
913
F
108.16517503
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
4.53893E-11
1.58675E-08
(Month)
里 Ta
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