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• Treating Cost/Mile as the dependent variable, develop an estimated regression with Family-Sedan and Upscale-Sedan as the independent variables. Discuss your findings.$3.39
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• Treating Cost/Mile as the dependent variable, develop an estimated regression with Family-Sedan and Upscale-Sedan as the independent variables. Discuss your findings.
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Course
Economics
Institution
University Of Delhi
Book
Essentials of Statistics for Business and Economics
• Treating Cost/Mile as the dependent variable, develop an estimated regression with Family-Sedan and Upscale-Sedan as the independent variables. Discuss your findings.
• Treating Value Score as the dependent variable, develop an estimated regression equation using Cost/Mile, Road-Test Score, P...
Treating Cost/Mile as the dependent variable, develop an estimated regression with
Family-Sedan and Upscale-Sedan as the independent variables. Discuss your findings.
Regression
Statistics
Multiple R 0.10943
R Square 0.011975
Adjusted R -0.00703
Square
Standard 0.104123
Error
Observations 54
ANOVA
df SS MS F Significance
F
Regression 1 0.006833 0.006833 0.630248 0.43087244
Residual 52 0.563767 0.010842
Total 53 0.5706
Significance Standard t Stat P-value
F Error
Intercept 0.665294 0.017857 37.25675 3.53E-39
family sedan -0.02329 0.029342 -0.79388 0.430872
, Since the Upscale Sedan is highly correlated it has been removed from the equation. Therefore,
the regression equation is:
Cost/mile= 0.665 – 0.0233 * Family sedan
Treating Value Score as the dependent variable, develop an estimated regression equation
using Cost/Mile, Road-Test Score, Predicted Reliability, Family-Sedan, and Upscale-
Sedan as the independent variables.
Regression
Statistics
Multiple R 0.965995
R Square 0.933146
Adjusted R 0.927689
Square
Standard 0.072433
Error
Observations 54
ANOVA
df SS MS F Significance
F
Regression 4 3.58835 0.897088 170.9862 3.9198E-28
Residual 49 0.257081 0.005247
Total 53 3.845431
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