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Regression Statistics

The regression analysis shows a strong positive linear relationship between the independent variable x (income) and the dependent variable y (consumption). The multiple R-squared value of 0.9231 indicates that 92.31% of the variation in y is explained by x. The F-statistic of 96.05 and p-value nearly equal to 0 show that the regression model is statistically significant. Each $1 increase in income is associated with a 0.621 increase in consumption on average, as shown by the coefficients table.

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39 views3 pages

Regression Statistics

The regression analysis shows a strong positive linear relationship between the independent variable x (income) and the dependent variable y (consumption). The multiple R-squared value of 0.9231 indicates that 92.31% of the variation in y is explained by x. The F-statistic of 96.05 and p-value nearly equal to 0 show that the regression model is statistically significant. Each $1 increase in income is associated with a 0.621 increase in consumption on average, as shown by the coefficients table.

Uploaded by

anon_518595147
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9607873803
R Square 0.9231123902
Adjusted R Square 0.913501439
Standard Error 11.5090873187
Observations 10

ANOVA
df SS MS F
Regression 1 12722.4272727273 12722.43 96.04797
Residual 8 1059.6727272727 132.4591
Total 9 13782.1

Coefficients Standard Error t Stat P-value


Intercept 15.7454545455 11.3687273445 1.38498 0.203454
X Variable 1 0.6209090909 0.0633554405 9.800407 9.87E-06
Significance F
0.000009865

Lower 95% Upper 95% Lower 95.0% Upper 95.0%


-10.4708777229 41.96178681 -10.4708777229 41.9617868138
0.474811183 0.767006999 0.474811183 0.7670069988
Year Consumption(y) income(x) x^2 xy
2010 55 80 6400 4400
2011 88 100 10000 8800
2012 100 120 14400 12000
2013 80 140 19600 11200
2014 120 160 25600 19200
2015 140 180 32400 25200
2016 145 200 40000 29000
2017 150 220 48400 33000
2018 160 240 57600 38400
2019 175 260 67600 45500
1213 1700 322000 226700

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