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Slides Module 4 Lesson 2

The document discusses linear regression analysis of height and weight data of olympians to predict the weight of a male olympian with a height of 177 cm. It is estimated that his weight would be 74.72 kg, with a 95% confidence interval of [55.37, 94.06] kg. This accounts for the fact that the prediction is based on sample data and different samples could produce a range of predicted values.

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padma
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
26 views

Slides Module 4 Lesson 2

The document discusses linear regression analysis of height and weight data of olympians to predict the weight of a male olympian with a height of 177 cm. It is estimated that his weight would be 74.72 kg, with a 95% confidence interval of [55.37, 94.06] kg. This accounts for the fact that the prediction is based on sample data and different samples could produce a range of predicted values.

Uploaded by

padma
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Linear Regression for Business Statistics

Confidence interval for the predicted value. (Height and Weight.xlsx)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm?


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

Confidence interval for beta coefficients


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Estimated value for β1 coefficient: 5.53


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

On average, a Male Olympian has weight that is 5.53 Kilogram more as


compared to a Female Olympian, all other variables kept at the same level.

Estimated value for β1 coefficient: 5.53


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

On average, a Male Olympian has weight that is 5.53 Kilogram more as


compared to a Female Olympian, all other variables kept at the same level.

Estimated value for β1 coefficient: 5.53


95% Confidence interval for β1 coefficient: [4.37, 6.69]
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

On average, a Male Olympian has weight that is 5.53 Kilogram more as


compared to a Female Olympian, all other variables kept at the same level.

Estimated value for β1 coefficient: 5.53


95% Confidence interval for β1 coefficient: [4.37, 6.69]
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

On average, a Male Olympian has weight that is 5.53 Kilogram more as


compared to a Female Olympian, all other variables kept at the same level.

Estimated value for β1 coefficient: 5.53


95% Confidence interval for β1 coefficient: [4.37, 6.69]
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

On average, a Male Olympian has weight that is 5.53 Kilogram more as


compared to a Female Olympian, all other variables kept at the same level.

Estimated value for β1 coefficient: 5.53


95% Confidence interval for β1 coefficient: [4.37, 6.69]

Margin of error: 5.53 +/- 1.16


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can construct a confidence interval for this prediction.


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can construct a confidence interval for this prediction.


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

95% Confidence interval for the prediction: [55.37, 94.06]


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

95% Confidence interval for the prediction: [55.37, 94.06]


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

95% Confidence interval for the prediction: [55.37, 94.06]


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

95% Confidence interval for the prediction: [55.37, 94.06]


Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg

95% Confidence interval for the prediction: [55.37, 94.06]

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