y 76 62 70 50 38 33 35 19 4 x1 52 38 36 36 31 22 20 15 7 x2 76 62 76 50 43 48 34 18 16 x3 M L L M H H L M H a) using technology, construct a regression model using all three independent variables. (let variable Cond1 be one of the dummy variables for x3. Assign a 1 to High for this variable. Let Cond2 be another dummy variable for x3. Assign. 1 to Medium for this variable.) Complete the regression equation for the model , where x3 represents the dummy variable Cond1, and x4 represents the dummy variable Cond2. y= __ + (__)x1 + (__)x2 + (__)x3 + (__)x4 b) interpret the meaning of each of the regression coefficients. Can i have help with this question. I am struggling really hard!
Correlation
Correlation defines a relationship between two independent variables. It tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.
Linear Correlation
A correlation is used to determine the relationships between numerical and categorical variables. In other words, it is an indicator of how things are connected to one another. The correlation analysis is the study of how variables are related.
Regression Analysis
Regression analysis is a statistical method in which it estimates the relationship between a dependent variable and one or more independent variable. In simple terms dependent variable is called as outcome variable and independent variable is called as predictors. Regression analysis is one of the methods to find the trends in data. The independent variable used in Regression analysis is named Predictor variable. It offers data of an associated dependent variable regarding a particular outcome.
Consider the accompanying set of dependent and independent variables. The variable x3 is qualitative with H = high, M = medium, L = Low.
y | 76 | 62 | 70 | 50 | 38 | 33 | 35 | 19 | 4 |
x1 | 52 | 38 | 36 | 36 | 31 | 22 | 20 | 15 | 7 |
x2 | 76 | 62 | 76 | 50 | 43 | 48 | 34 | 18 | 16 |
x3 | M | L | L | M | H | H | L | M | H |
a) using technology, construct a regression model using all three independent variables. (let variable Cond1 be one of the dummy variables for x3. Assign a 1 to High for this variable. Let Cond2 be another dummy variable for x3. Assign. 1 to Medium for this variable.)
Complete the regression equation for the model , where x3 represents the dummy variable Cond1, and x4 represents the dummy variable Cond2.
y= __ + (__)x1 + (__)x2 + (__)x3 + (__)x4
b) interpret the meaning of each of the regression coefficients.
Can i have help with this question. I am struggling really hard!
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