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Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
Statistics at HelpWithAssignment.com Regression Example
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Statistics at HelpWithAssignment.com Regression Example

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  • 1. Statistics at HelpWithAssignment.com (Regression)
    www.HelpWithAssignment.com
  • 2. Regression is an important concept in Statistics. Regression is used to measure the relation between two or more variables where one is independent and the others are dependant variables. Regression can be used to predict the dependant variable when the independent variable is known.
    Regression
    www.HelpWithAssignment.com
  • 3. We can see an example to understand regression clearly.
    Q: The regression line known as the least squares line is a plot of the expected value of the dependant variable of all values of the independent variable. In regression equation, y is always the dependant variable and x is always the independent variable.
    Regression
    www.HelpWithAssignment.com
  • 4. The sales of a company (in million dollars) for each year are shown in the table below.
    a) Find the least square regression line y = ax + b.
    b) Use the least squares regression line as a model to estimate the sales of the company in 2012.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 5. Sol: a) We first change the variable x into t such that t = x - 2005 and therefore t represents the number of years after 2005. Using t instead of x makes the numbers smaller and therefore manageable. The table of values becomes.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 6. a) We first change the variable x into t such that t = x - 2005 and therefore t represents the number of years after 2005. Using t instead of x makes the numbers smaller and therefore manageable. The table of values becomes.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 7. We now use the table to calculate a and b included in the least regression line formula.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 8. We now calculate a and b using the least square regression formulas for a and b.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 9. b = =
    = 11.6
    In 2012, t = 2012 - 2005 = 7 The estimated sales in 2012 are: y = 8.4 × 7 + 11.6 = 70.4 million dollars.
    Correlation Example Problem
    www.HelpWithAssignment.com
  • 10. At HelpWithAssignment.com we provide best quality Assignment help, Homework help, Online Tutoring and Thesis and Dissertation help as well. For any of the above services you can contact us at http://www.helpwithassignment.com/ andhttp://www.helpwithassignment.com/statistics-assignment-help
    HelpWithAssignment.com
    www.HelpWithAssignment.com
  • 11. You can follow us on our blogs at http://helpwithassignment.blogspot.com/ and
    http://helpwithassignment.wordpress.com/
    Thank You
    HelpWithAssignment.com
    www.HelpWithAssignment.com

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