The following graphs show a least squares regression line plotted to different setsof data. Each of the linear models has a formula y = 0.500(x) + 3.For each model:• Describe how you would go about evaluating the appropriateness of themodel, and the process you would go through to develop a valid predictivemodel.1414141212121010108.8.6.6.4.42 4 6 8 10 12 14 16 18 202 4 6 8 10 12 14 16 18 202 4 6 8 10 12 14 16 18 20

We use scatter plot to show the direction and pattern of relationship between the variables, to…

Answered: The following graphs show a least…

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 owners of a chain of ice cream stores have the business objective of improving the forecast of daily sales so that staffing shortages can be minimized during the summer season. As a starting point, the owners decide to develop a simple linear regression model to predict daily sales based on atmospheric temperature. They select a sample of 15 consecutive days. The results are shown in the accompanying table. Complete parts (a) through (f) below. Click the icon to view the data table. E Click the icon to view a table of critical values of the Durbin-Watson statistic. a. Assuming a linear relationship, use the least-squares method to compute the regression coefficients b, and b,. b, = - 2.7630 (Round to four decimal places as needed.) %3D Ice cream sales b, = (Round to four decimal places as needed.) %3D Day Sales ($1,000) Temperature (°F) 63 1 2 1.52 1.68 71 75 3 1.92 1.79 74 76 4 2.02 2.36 6. 81 2.16 2.69 81 8 84 2.91 88 10 3.17 90 11 12 3.02 3.27 90 93 99 13 3.42 2.84 88 83 14 15…
The sweetness, y, of the fruit is supposed to be related to the average daily sunshine hours, x. The following data shows the sweetness of the same type of fruit at different locations (sunshine hours). Fit the data to a simple linear regression model. x: 5, 6, 7, 6, 6, 8, 7, 5. y: 9, 10, 10, 11, 12, 13, 12, 8. Predict the true mean sweetness for average daily hours of 8 hours, and calculate the residual for average daily sunshine hours of 8 hours.
The following regression model was estimated. Q is the number of meals served, P is the average price per meal (customer ticket amount, in dollars), Rxis the average price charged by competitors (in dollars), Ad is the local advertising budget for each outlet (in dollars), and I is the average income per household in each outlet's immediate service area. Least squares estimation of the regression equation on the basis of the 25 data observations resulted in the estimated regression coefficients and other statistics given in Table below. Variable Coefficient Standard Error of Coefficient Intercept 128832.240 69974.818 Price (P) Competitor Price (Px) | Advertising (Ad) Income () -19875.954 4100.856 15467.936 459.280 0.261 0.094 8.780 1.017 Coefficient of determination R =83.3% (a) Interpret the coefficients of independent variables. (b) Test the significance of independent variables at 5% level of Significance. (c) Interpret R? with the help of adjusted R2. (d) Test for the overall…
Compute the least-squares regression equation for the given data set. Use a TI-84 calculator. Round the slope and y-intercept to at least four decimal places. 5.8 4.1 6.5 4.6 6.6 5.8 5.2 2.0 4.9 1.0 4.1 1.2 1.9 2.9 x y Send data to Excel Regression line equation: y
Compute the least-squares regression equation for the given data set. Use a TI-84 calculator. Round the slope and y-intercept to at least four decimal places. 43 37 15 19 24 37 18 y 72 67 25 29 42 65 32 Send data to Excel Regression line equation: y = 1.7777x + 1.5838
Which of the following is an assumption of the regression model? Select one: a. X and Y are independent variables. b. The errors of prediction are uniformly distributed. c. The error terms of X are dependent on the error terms of Y. d. There exists a linear association between variables X and Y.
Twenty members of an athletic club are studying the relationship between the time it takes an individual athlete to reach a given level of fatigue during exercise (time to fatigue, measured in minutes) and athletic performance. For each member, time to fatigue and a performance score were recorded. The computer output of the regression analysis is shown in the table. Term CoefCoef SE CoefSE Coef TT Constant 39.88 4.24 9.41 Time to fatigue 3.92 0.71 5.52 Which of the following is a 90 percent confidence interval for the slope of the regression line relating performance score and time to fatigue? Assume that the conditions for inference are met.
Which of the multivariate regression parameters listed below would be best interpreted as: the proportion of variation in the dependent variable explain by all the independent variables in the model. a b1 X1 R2
Use the p-value criterion to find the best model for predicting the number of points scored per game by football teams using the accompanying National Football League Data. Does the model make logical sense? E Click the icon to view the National Football League Data. Determine the best multiple regression model. Let X, represent Rushing Yards, let X, represent Passing Yards, let X3 represent Penalties, let X4 represent Interceptions, and let Xg represent Fumbles. Enter the terms of the equation so that the Xy-values are in ascending numeral order by base. Select the correct choice below and fill in the answer boxes within your choice. (Type an integer or decimal rounded to three decimal places as needed.) Points/Game =+ OX 01+Og+O1 A. OB Points/Game = O C. Points/Game = OD. Points/Game = + Dx O E. Points/Game = Data table for the national football league Points/ Game Rushing Yards/ Game Passing Yards/ Penalties Interceptions Fumbles O Game 25.2 90.1 259.2 140 18 4 16.2 95.2 208.5 108…
Which of the following statements best describes linear regression? A measure of the degree of dependence between two variables. A statistical technique using pairs of data and identifying a line which ‘best fits’ all of the pairs of observations. A measure of the proportion of changes in the dependent variable which can be explained by a change in the independent variable. Shows individual costs against their associated activity levels but makes no attempt to identify a linear relationship between them.

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