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Year Demand Price: Regression Statistics

The document provides demand and price data for various years from 1996 to 2005. It performs a linear regression analysis with demand (Y) as the dependent variable and price (X) as the independent variable. The regression results show a strong negative correlation (-0.93) between price and demand, with price explaining about 87% of the variation in demand. The F-test result of 53.33 is highly significant, indicating the regression model fits the data well.

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Sakshi Jain
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48 views8 pages

Year Demand Price: Regression Statistics

The document provides demand and price data for various years from 1996 to 2005. It performs a linear regression analysis with demand (Y) as the dependent variable and price (X) as the independent variable. The regression results show a strong negative correlation (-0.93) between price and demand, with price explaining about 87% of the variation in demand. The F-test result of 53.33 is highly significant, indicating the regression model fits the data well.

Uploaded by

Sakshi Jain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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YEAR DEMAND PRICE SUMMARY OUTPUT

1996 100 5
1997 75 7 Regression Statistics
1998 80 6 Multiple R 0.932504808
1999 70 6 R Square 0.869565217
2000 50 8 Adjusted R Square 0.85326087
2001 65 7 Standard Error 7.5
2002 90 5 Observations 10
2003 100 4
2004 110 3 ANOVA
2005 60 9 df SS MS
Regression 1 3000 3000
Residual 8 450 56.25
Total 9 3450

Coefficients Standard Error t Stat


Intercept 140 8.5513156882 16.371749694
PRICE -10 1.3693063938 -7.302967433
F Significance F
53.33333333 0.00

P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%


0.00 120.28063066 159.71936934 120.28063066 159.71936934
0.00 -13.15762621 -6.842373794 -13.15762621 -6.842373794
YEAR DEMAND (Y) PRICE (X) XY X^2 Y^2
1996 100 5 500 25 10000
1997 75 7 525 49 5625
1998 80 6 480 36 6400
1999 70 6 420 36 4900
2000 50 8 400 64 2500
2001 65 7 455 49 4225
2002 90 5 450 25 8100
2003 100 4 400 16 10000
2004 110 3 330 9 12100
2005 60 9 540 81 3600
MEAN 80 6
CORRELATION -0.93250481
YEAR DEMAND PRICE INCOME SUMMARY OUTPUT
1996 100 5 1000
1997 75 7 600 Regression Statistics
1998 80 6 1200 Multiple R 0.94574292
1999 70 6 500 R Square 0.894429672
2000 50 8 300 Adjusted R Square 0.864266721
2001 65 7 400 Standard Error 7.213257963
2002 90 5 1300 Observations 10
2003 100 4 1100
2004 110 3 1300 ANOVA
2005 60 9 300 df SS
Regression 2 3085.78236696
Residual 7 364.217633042
Total 9 3450

Coefficients Standard Error


Intercept 111.6918189 23.5308147475
PRICE -7.188244639 2.5553308742
INCOME 0.014297061 0.0111347181

b1= -7.188
b2= 0.014
note- chapter-13 (lewine)
definition of r adjusted pg-487

adjusted r square- some statiscian say that adjusted r square to take into account both the number of IV in the model and sam

MS F Significance F
1542.8911835 29.65325482 0.000382293 F-value is signifivcant
52.031090435

t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
4.7466192779 0.002091714 56.05028369 167.33335412 56.050283692 167.33335412
-2.813038699 0.026032092 -13.23064199 -1.145847283 -13.23064199 -1.145847283
1.2840074656 0.240002196 -0.012032363 0.0406264856 -0.012032363 0.0406264856
of IV in the model and sample size. It is extremely important when you are comparing two or mlore regression models that PREDICt the sam
sion models that PREDICt the same DV but have a different number of IV . YOU USE OVERALL F-TEST TO DERTERMINE whther there is a sign
RTERMINE whther there is a significant relationship between DV and the entire set of IV.

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