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Regression: Variables Entered/Removed

A regression model was created to predict sales using income per capita and market price as predictors. The model has an R-square value of 0.962, indicating it fits the data well. Both income per capita and market price are statistically significant predictors of sales. Real GDP was excluded from the model due to collinearity with the other predictors.

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Aryan
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34 views2 pages

Regression: Variables Entered/Removed

A regression model was created to predict sales using income per capita and market price as predictors. The model has an R-square value of 0.962, indicating it fits the data well. Both income per capita and market price are statistically significant predictors of sales. Real GDP was excluded from the model due to collinearity with the other predictors.

Uploaded by

Aryan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Regression

a
Variables Entered/Removed
Variables Variables
Model Entered Removed Method
1 IncomePerCa . Enter
pita,
b
MarketPrice

a. Dependent Variable: Sales


b. Tolerance = .000 limit reached.

b
Model Summary
Adjusted R Std. Error of the
Model R R Square Square Estimate
a
1 .981 .962 .951 1.18592E+11

a. Predictors: (Constant), IncomePerCapita, MarketPrice


b. Dependent Variable: Sales

ANOVA
Sum of
Model Squares df Mean Square F Sig.
b
1 Regression 2.497E+24 2 1.249E+24 88.776 .000
Residual 9.845E+22 7 1.406E+22
Total 2.596E+24 9
a. Dependent Variable: Sales
b. Predictors: (Constant), IncomePerCapita, MarketPrice

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a
Coefficients

Standardized
Unstandardized Coefficients Coefficients
Model B Std. Error Beta t Sig.
1 (Constant) -1.155E+12 2.709E+11 -4.266 .004
MarketPrice -1915403.771 1538999.150 -.094 -1.245 .002
IncomePerCapita 1905848814 144418453.9 .998 13.197 .000
a. Dependent Variable: Sales

a
Excluded Variables

Collinearity
Partial Statistics
Model Beta In T Sig. Correlation Tolerance
b
1 RealGDP 8.133 .907 .399 .347 6.920E-5

a. Dependent Variable: Sales


b. Predictors in the Model: (Constant), IncomePerCapita, MarketPrice

a
Residuals Statistics
Minimum Maximum Mean Std. Deviation N
Predicted Value 1.0045E+12 2.5796E+12 1.7330E+12 5.26741E+11 10
Residual -1.8038E+11 1.35862E+11 .00017 1.04588E+11 10
Std. Predicted Value -1.383 1.607 .000 1.000 10
Std. Residual -1.521 1.146 .000 .882 10
a. Dependent Variable: Sales

Charts
Scatterplot Dependent Variable: Sales

1
Regression Standardized Residual

-1

-2

-2 -1 0 1 2

Regression Standardized Predicted Value

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