The following are sales revenues for a large utility company for years 1 through 11. Forecastrevenue for years 12 through 15. Because we are forecasting four years into the future, you willneed to use linear regression as your forecasting method. (Enter your answers in millions.)YEAR1234567891011Period12 13|14|15REVENUE (MILLIONS)$4,869.05,072.05,509.95,729.65,498.05,188.2$5,093.25,113.65,558.75,730.05,862.3Forecast

Answered: The following are sales revenues for a…

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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The table below shows the average weekly wages (in dollars) for state government employees and federal government employees for 10 years. Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $818. The equation of the regression line is y = 1.451x - 40.698. Wages (state), x Wages (federal), y 713 760 785 805 851 870 921 926 947 985 1,002 1,045 1,091 1,145 1,185 1,239 1,281 1,307 1,320 1,400 Construct and interpret a 99% prediction interval for the average weekly wages of federal government employees when the average weekly wages of state government employees is $818. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 99% confident that when the average weekly wages of state government employees is $818, the average weekly wages of federal government employees will be between $ and…
Explain the concept of Linear Regression with Multiple Regressors?
Depart only and
The number of Master’s degrees granted at a particular university is given for selected years in the table below. Year 2005 2010 2015 2020 Number of Master’s Degrees 58 69 76 83 Use the linear regression equation for this data to predict the number of Master’s degrees that this university will grant in the year 2021. Blank 1. Calculate the answer by read surrounding text. Round to the nearest whole number of Master's degrees.
The following chart shows the actual sales for the last 12 months for a given company. Assume that sales are best fit by a linear trend and you can use single linear regression to set up a forecasting model. Using the sales data answer below questions (justify your answers): A.What would be the typical linear regression equation for the number of sales? B.Make the sales forecast for period 15 of next year. C. Make the sales forecast for period 17 of next year. D. What is the standard error for the data?
(d) If the life expectancy is increased by 3.5 years in a certain country, how much will the happiness index change? Round to two decimal places. (e) Use the regression line to predict the happiness index of a country with a life expectancy of 84 years. Round to two decimal places.
Identifying individuals with a high risk of Alzheimer's disease usually involves a long series of cognitive tests. However, researchers have developed a 7-Minute Screen, which is a quick and easy way to accomplish the same goal. The question is whether the 7-Minute Screen is as effective as the complete series of tests. To address this question, Ijuin et al. (2008) administered both tests to a group of patients and compared the results. The following data represent results similar to those obtained in the study. 7-Minute Screen Cognitive Series 3 11 8 19 10 22 8 20 4 14 7 13 4 9 5 20 14 25 Which statistical test would you select: Answer H0: Answer H1: Answer What is the coefficient that indicates the strength of the relationship? Answer =Answer What is the standard error? Answer What is the appropriate 95% CI? [ Answer , Answer ] What is the d-effect size? Answer What is the t-observed? Answer What is the actual p-value? Answer THREE decimal places…
The number of banks in a country has been dropping steadily since 1984, and the trend in recent years has been roughly linear. The annual data for the years 1999 through 2008 can be summarized as follows, where x represents the years since 1990 and y the number of banks, in thousands. n=10 Ex-235 ²-5605 Ey-77.564 Ey²=603.80424 Exy-1810.155 a. Find an equation for the least squares line. b. Use your result from part a to predict the number of banks in the year 2020. c. If this trend continues linearly, in what year will the number of banks drop below 6200? d. Find and interpret the correlation coefficient.
(please solve within 15 minutes I will give thumbs up)
6 Given the following multiple linear regression where shell (shell gas stock) price. shell = 15 - 0.5 * (interest rate) + 0.4 * (oil price) + 0.003 * (S&P500). Estimate the price of shell when the interest rate is 22, oil price is $95, and S&P500 = 4000 A.64 B. 38 C. 15 D. 12
In multiple regression, you can have nominal and continuous predictors true or false

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