The manufacturer of Beanie Baby dolls used quarterly price data for 2012/- 2020/V (t = 1, ., 36) and the regression equationPt =a + bt + c1D1t +c2D2t + C3D31to forecast doll prices in the year 2021. Pțis the quarterly price of dolls, and D1t D2, and D3tare dummy variables for quarters I, II, and III, respectively.DEPENDENT VARIABLE:PTR-SQUAREF-RATIOP-VALUE ON F76.34STANDARDOBSERVATIONS:36 0.90780.0001PARAMETERVARIABLEESTIMATEERRORT-RATIO P-VALUEINTERCEPT24.06.203.870.0005T0.80.2403.330.0022D1-8.02.60-3.080.0043D2-6.01.80-3.330.0022D3-4.00.60-6.670.0001At the 2 percent level of statistical significance, is there a statistically significant trend in the price of dolls?Multiple ChoiceYes, because 0.0022 < 0.02.No, because 0.0022 > 0.02.Yes, because 0.800 > 0.02.

It is needed to test whether there is a significant trend in the price of dolls.

Answered: The manufacturer of Beanie Baby dolls…

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 maintenance manager at a trucking company wants to build a regression model to forecast the time (in years) until the first engine overhaul based on four predictor variables: (1) annual miles driven (in 1,000s of miles), (2) average load weight (in tons), (3) average driving speed (in mph), and (4) oil change interval (in 1,000s of miles). Based on driver logs and onboard computers, data have been obtained for a sample of 25 trucks. A portion of the data is shown in the accompanying table. Time Miles Load Speed Oil 7.7 42.9 22.0 44.0 16.0 0.8 98.3 20.0 47.0 34.0 6.3 61.1 22.0 62.0 15.0 E Click here for the Excel Data File b. Estimate the regression model. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Time = Miles Load Speed oil + + d. What is the predicted time before the first engine overhaul for a particular truck driven 60,000 miles per year with an average load of 25 tons, an average driving speed of 53 mph, and 21,000 miles…
Suppose you are estimating a wage regression, where salary is the dependent variable and age, years of education and a dummy variable for male are your independent variables. You are interested in measuring how salary differs between those who have at least a college education with those who have less than a college education. If a person is considered as having a college education when she has more than 12 years of education, how can you measure the difference in salary between college and non-college educated individuals? Select one: a. Multiply coefficient for years of education in original regression by 12 O b. Re-estimate model replacing years of education with a dummy variable for college c. Re-estimate model replacing years of education with a dummy variable for college and one for no college O d. Re-estimate model interacting years of education with a dummy variable for college e. Calculate the difference in predicted salary between an individual with 14 years of education and…
A trucking company considered a multiple regression model for relating the dependent variable y = total daily travel time for one of its drivers (hours) to the predictors x₁ = distance traveled (miles) and x₂ = the number of deliveries made. Suppose that the model equation is Y = -0.800+ 0.060x₁ +0.900x₂ + e (a) What is the mean value of travel time when distance traveled is 50 miles and four deliveries are made? hr (b) How would you interpret ₁ = 0.060, the coefficient of the predictor x₁? O When the number of deliveries is constant, the average change in travel time associated with a ten-mile (i.e. one unit) increase in distance traveled is 0.060 hours. O The total daily travel time increases by 0.060 hours when the distance traveled increases by 1. O When the number of deliveries is held fixed, the average change in travel time associated with a one-mile (i.e. one unit) increase in distance traveled is 0.060 hours. O The average change in travel time associated with a one-mile (i.e.…
The average August temperatures (y) and geographic latitudes (x) of 13 cities in the United States were studied. The regression equation for these data isTemperature = 127 -1.68*(latitude)What is the slope of the line? Estimate the mean August temperature for a city with latitude of 11.Use 2 decimal placesSan Francisco has a latitude of 40. What would you predict for the mean August temperature of San Francisco?Use 2 decimal placesGiven that the mean August temperature in San Francisco is actually 70 calculate the residual (prediction error) for San Francisco.It should be observed minus predicted. If you do it wrong your answer have the positive and negative switchedUse 2 decimal placesThe latitude at the equator is 0. Estimate the average August temperature at the equator.Use 1 decimal place
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** Based on the regression results, answer the following questions ** A sample of data is collected (from 1999 and 2000) concerning the compensation of the executives (compensation is measured in 1000’s of $’s) of a number of public companies along with other firm-specific data. The dependent variable is total compensation, CEOANN is a dummy variable =1 for an individual who is a CEO and =0 for individuals who are not CEO’s, EMPL is total employees, MKTVAL is the natural logarithm of the market value of the firm, EPSIN is earnings per share, YEAR is a dummy variable = 1 for the year 2000 and =0 for year 1999, and ASSETS is the natural logarithm of the total assets of the company. Based on the regression results, answer the following questions b) What is the estimated regression equation? c) What percentage of the variation in income in explained by the regressors? d) What is the standard error of the error term in the regression equation?
A real estate analyst has developed a multiple regression line, y = 60 + 0.068 x1 – 2.5 x2, to predict y = the market price of a home (in $1,000s), using two independent variables, x1 = the total number of square feet of living space, and x2 = the age of the house in years. With this regression model, the predicted price of a 10-year old home with 2,500 square feet of living area is __________. $205.00 $200,000.00 $205,000.00 $255,000.00
A least squares regression line was calculated to relate the length (cm) of newborn boys to their weight in kg. The line is weight = -5.25 +0.1696 length. A newborn was 48 cm long and weighed 3 kg. According to the regression model, what was his residual? What does that say about him?
The estimated regression equation for a model involving two independent variables and 10 observations follows. y = 33.0798 + 0.6071x1 + 0.7058x2 a. Interpret b₁ and b2 in this estimated regression equation (to 4 decimals). b₁ = - Select your answer - b₂ = - Select your answer - b. Estimate y when *₁ = 180 and ₂ = 310 (to 3 decimals).
In a fisheries researchers experiment the correlation between the number of eggs in tge nest and the number of viable (surviving ) eggs for a sample of nests is r=0.67 the equation of the regression line for number of viable eggs y versus number of eggs in the nest x is y =0.72x + 17.07 for a nest with 140 eggs what is the predicted number of viable eggs ?
The following regression equation is based on the analysis of four variables: SM_DOLLARS is the dollar amount of a watershed conservation agency's weekly spending on social media ads. RADIO_ADS is the number of radio advertisements aired weekly by the agency. WS_DOLLARS is the dollar amount of the agency’s weekly spending on web search ads. The variable WEB_VISITS is the number of weekly visitors to their educational website. These data have been recorded every week for the past three years. WEB_VISITS (expected) = 208 + 1.25*SM_DOLLARS + 1.5*RADIO_ADS + 1.2*WS_DOLLARS The data meet the assumptions for regression analysis, and the regression results, including the coefficients, were found to be statistically significant. Initially, $320 was spent on social media ads, 10 radio ads were aired, and $120 spent on web search ads. How many additional weekly web visits would you predict when the agency increases its weekly spending on social media ads by $440 without changing the…

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