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    Regression Statistics: Residuals

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    Vampire
    The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

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    Regression Statistics: Residuals

    Uploaded by

    Vampire
    36 views5 pages
    The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

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    regression

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    The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    36 views5 pages

    Regression Statistics: Residuals

    Uploaded by

    Vampire
    The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Quantity Sold Price Advertising

    8500 $2 $2,800
    4700 $5 $200
    5800 $3 $400
    7400 $2 $500
    6200 $5 $3,200
    7300 $3 $1,800
    5600 $4 $900

    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.981
    R Square 0.962
    Adjusted R Square 0.943
    Standard Error 310.524
    Observations 7

    ANOVA
    df SS MS F Significance F
    Regression 2 9694299.568 4847149.784 50.269 0.001
    Residual 4 385700.432 96425.108
    Total 6 10080000.000

    Coefficients Std Error t Stat P-values Lower 95% Upper 95%


    Intercept 8536.214 386.912 22.062 0.000 7461.975 9610.453
    Price -835.722 99.653 -8.386 0.001 -1112.404 -559.041
    Advertising 0.592 0.104 5.676 0.005 0.303 0.882

    RESIDUAL OUTPUT

    ObservationPredicted Quantity Sold


    Residuals
    1 8523.009 -23.009
    2 4476.048 223.952
    3 6265.938 -465.938
    4 7160.883 239.117
    5 6252.733 -52.733
    6 7095.058 204.942
    7 5726.330 -126.330

    Residuals
    300.000
    200.000
    100.000
    0.000
    0 1 2 3 4 5 6 7 8
    -100.000
    Residuals
    300.000
    200.000
    100.000
    0.000
    0 1 2 3 4 5 6 7 8
    -100.000
    -200.000
    -300.000
    -400.000
    -500.000
    -600.000
    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.980681430577099
    R Square 0.961736068278745
    Adjusted R Square 0.942604102418118
    Standard Error 310.523924903641
    Observations 7

    ANOVA
    df SS MS F Significance F
    Regression 2 9694299.56825 4847149.7841 50.268544032 0.0014641285
    Residual 4 385700.43175 96425.107938
    Total 6 10080000

    Coefficients Standard Error t Stat P-value Lower 95%


    Intercept 8536.21388243109 386.911747844 22.062431368 2.498117E-05 7461.974654
    Price -835.72235137828 99.6530446917 -8.3863202972 0.0011060639 -1112.40356
    Advertising 0.59222849551644 0.104346803 5.6755787286 0.0047553094 0.3025153251

    RESIDUAL OUTPUT

    Observation Predicted Quantity Sold Residuals


    1 8523.00896712056 -23.008967121
    2 4476.04782464298 223.952175357
    3 6265.93822650282 -465.9382265
    4 7160.88342743275 239.116572567
    5 6252.73331119229 -52.733311192
    6 7095.05812022584 204.941879774
    7 5726.33012288276 -126.33012288
    Upper 95% Lower 95.0% Upper 95.0%
    9610.4531109 7461.974654 9610.4531109
    -559.04114323 -1112.40356 -559.04114323
    0.881941666 0.3025153251 0.881941666
    Quantity Sold Price Advertising
    8500 $2 $2,800
    4700 $5 $200
    5800 $3 $400
    7400 $2 $500
    6200 $5 $3,200
    7300 $3 $1,800
    5600 $4 $900

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