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Book 1 Excel

A multiple linear regression was conducted to predict quantity sold based on price and advertising spending. Price and advertising were found to significantly predict quantity sold, with an R-square value of 0.96. Price had a negative association with quantity sold, while advertising had a positive association. The regression results were used to predict quantity sold for 7 observations, with residuals generally within 250 units.

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247 views

Book 1 Excel

A multiple linear regression was conducted to predict quantity sold based on price and advertising spending. Price and advertising were found to significantly predict quantity sold, with an R-square value of 0.96. Price had a negative association with quantity sold, while advertising had a positive association. The regression results were used to predict quantity sold for 7 observations, with residuals generally within 250 units.

Uploaded by

Janela Bc
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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SUMMARY OUTPUT

P
A

Regression Statistics
Multiple R
0.980681431
R Square
0.961736068
Adjusted R Square 0.942604102
Standard Error
310.5239249
Observations
7
ANOVA
df
Regression
Residual
Total

Intercept
Price
Advertising

SS
MS
F
Significance F
2 9694300 4847150 50.26854 0.001464
4 385700.4 96425.11
6 10080000

Coefficients Standard Error t Stat


P-value Lower 95% Upper 95%Lower 95.0%
8536.213882 386.9117 22.06243
2.5E-05 7461.975 9610.453 7461.975
-835.7223514 99.65304 -8.38632 0.001106
-1112.4 -559.041
-1112.4
0.592228496 0.104347 5.675579 0.004755 0.302515 0.881942 0.302515

RESIDUAL OUTPUT
ObservationPredicted Quantity SoldResiduals
1
8523.008967
-23.009
2
4476.047825 223.9522
3
6265.938227 -465.938
4
7160.883427 239.1166
5
6252.733311 -52.7333
6
7095.05812 204.9419
7
5726.330123
-126.33

Price Residual Plot


Residuals

400
200
0
-200 $0

$2

$3

-400
-600

Upper 95.0%
9610.453
-559.041
0.881942

$1

Price

$4

$5

$6

Quantity Sold

Price
8500
4700
5800
7400
6200
7300
5600

$2
$5
$3
$2
$5
$3
$4

Advertising
$2,800
$200
$400
$500
$3,200
$1,800
$900

SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations

0.980681431
0.961736068
0.942604102
310.5239249
7

ANOVA
df
Regression
Residual
Total

2
4
6

SS
9694299.568
385700.4318
10080000

MS
4847149.784
96425.10794

F
50.26854403

Intercept
Price
Advertising

Coefficients
Standard Error
8536.213882
386.9117478
-835.7223514
99.65304469
0.592228496
0.104346803

t Stat
22.06243137
-8.386320297
5.675578729

P-value
2.49812E-05
0.001106064
0.004755309

RESIDUAL OUTPUT
Observation
1
2
3
4
5
6
7

Predicted Quantity Sold


8523.008967
4476.047825
6265.938227
7160.883427
6252.733311
7095.05812
5726.330123

Residuals
-23.00896712
223.9521754
-465.9382265
239.1165726
-52.73331119
204.9418798
-126.3301229

Significance F
0.001464128

Lower 95%
7461.974654
-1112.40356
0.302515325

Upper 95%
9610.453111
-559.0411432
0.881941666

Lower 95.0%
7461.974654
-1112.40356
0.302515325

Upper 95.0%
9610.453111
-559.0411432
0.881941666

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