The income of farmers depends on various factors. To predict the income of the next year, a study wasundertaken and data was gathered considering as many as possible factors that might influence theyearly income. Regression methods are used to create such a prediction function, that is, we want topredict the profit for the next year. The following were determined.X₁ = SIZE - farm size recorded x 1000 hectaresX₂ = AGE - how long the farm has been in operation in yearsX3 = RATIO- the ratio of land size to field size recorded as 0.5, 0.75, 0.8 and 0.9X4 = METHOD - rotational and non rotational method of plantingŶ = INCOME the income per year recorded in x R 1 000 000.00The partial dataset is as followsINCOME Y1.32.43.21.52.1a.C.Standardized ResidualSample Quantiles15 201.0-0.8-0.6-04-02-0.0-SIZE X₁255821.21.5PredictedTheoretical Quantiles45AGE X₂2201001.1. The analyst did some exploratory analysis and below are some of the residual plots he constructed.Study the plots and answer the questions that follows.805011b.3RATIO X3Standardized Residual0.50.750.80.80.75100 120 140 160 180METHOD X4PredictedRotationalRotationalNon-rotationalRotationalNon-rotationalDiagnose each of the possible problems that are displayed in the plots. If applicable also mentiona formal way to test that it is indeed a problem. Also, when a problem is diagnosed, provide apossible remedial measure to remedy the problem.1.2. In order to prepare the dataset for modelling, it became clear that RATIO repeats with similarvalues. The analyst decided to regard them also as categorical variables. Amend the dataset fullyin order to build a regression model. Use an ascending order in the coding structure.

From the given information, Income (Y) is dependent variable. The independent variables X1,X2,X3 and…

Answered: The income of farmers depends on…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Please answer parts d, e and f.
The table shows a part of an output of a linear regression model predicting the average fare on different flight routes. Data Table Regression Table Coefficient Constant 95.80976147 COUPON −9.61654124 DISTANCE 0.080733811 PAX −0.000167343 What is the difference in prediction of the following two routes? Route A that is 3,000 miles, with COUPON=1.5 and PAX=6,000 Route B that is 3,000 miles, with COUPON=1.2 and PAX=6,000.
An assumption of regression analysis is homoscedasticity, which states that the residuals exhibit no patterns across values for the dependent variable. relationship between the independent and dependent variables is linear. residuals exhibit no patterns across values for the independent variable. variation of the dependent variable is the same across all values for the independent variable.
The datasetBody.xlsgives the percent of weight made up of body fat for 100 men as well as other variables such as Age, Weight (lb), Height (in), and circumference (cm) measurements for the Neck, Chest, Abdomen, Ankle, Biceps, and Wrist. We are interested in predicting body fat based on abdomen circumference. Find the equation of the regression line relating to body fat and abdomen circumference. Make a scatter-plot with a regression line. What body fat percent does the line predict for a person with an abdomen circumference of 110 cm? One of the men in the study had an abdomen circumference of 92.4 cm and a body fat of 22.5 percent. Find the residual that corresponds to this observation. Bodyfat Abdomen 32.3 115.6 22.5 92.4 22 86 12.3 85.2 20.5 95.6 22.6 100 28.7 103.1 21.3 89.6 29.9 110.3 21.3 100.5 29.9 100.5 20.4 98.9 16.9 90.3 14.7 83.3 10.8 73.7 26.7 94.9 11.3 86.7 18.1 87.5 8.8 82.8 11.8 83.3 11 83.6 14.9 87 31.9 108.5 17.3…
Biochemical oxygen demand (BOD) measures organic pollutants in water by measuring the amount of oxygen consumed by microorganisms that break down these compounds. BOD is hard to measure accurately. Total organic carbon (TOC) is easy to measure, so it is common to measure TOC and use regression to predict BOD. A typical regression equation for water entering a municipal treatment plant is BOD = -55.47 + 1.505 TOC Both BOD and TOC are measured in milligrams per liter of water. (a) What does the slope of this line say about the relationship between BOD and TOC? TOC rises (falls) by 1.505 mg/l for every 55.47 mg/l increase (decrease) in BOD BOD rises (falls) by 55.47 mg/l for every 1 mg/l increase (decrease) in TOC TOC rises (falls) by 1.505 mg/l for every 1 mg/l increase (decrease) in BOD BOD rises (falls) by 1.505 mg/l for every 1 mg/l increase (decrease) in TOC
In the method of regression, data sets are summarized in a useful form. The “independent” pieces of data are called inputs or regressors, whereas a quantity that is a function of the inputs, will be called a response. In an experiment, the effect of increasing storage temperature is related to the number of spoiled loaves of bread after 7 days. In this case, which variable will be the regressor?
The mall has a set of data with employee age (X) and the corresponding number of annual on-the-job-accidents(Y). Analysis on the set finds that the regression equation is Y=100-3X. What is the likely number of accidents for someone aged 30? 97 100 10 none of the above
The U.S. Postal Service is attempting to reduce the number of complaints made by the public against its workers. To facilitate this task, a staff analyst for the service regresses the number of complaints lodged against an employee last year on the hourly wage of the employee for the year. The analyst ran a simple linear regression in SPSS. The results are shown below. The current minimum wage is $5.15. If an employee earns the minimum wage, how many complaints can that employee expect to receive? Is the regression coefficient statistically significant? How can you tell?
A logistic regression was used to investigate obesity and poor physical health while controlling for the following variables: age, gender, race, income, health status, education, current smoker, and diet/exercise status. Justify the use of a logistic regression.
The estimated regression model is given : Consumption = 49.13 + 0.85 Income + error Consumption is dependent variable ; Income ( weekly) - family Income Let's say a family income earns $ 100 more per week . How to affect the consumption level? Choose one right answer A. For every 100 $ a family earns more per week in this case the consumption will grow on average and expected of 85 $ worth. B. For every 100 $ a family earns more per week in this case the consumption will fall on average and expected of 49.14 $ worth.
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.
Answer d,e and f

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS