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Quantity Sold Price Advertising 8500 2 2800 4700 5 200 5800 3 400 7400 2 500 6200 5 3200 7300 3 1800 5600 4 900

The regression analysis found a strong correlation (R^2 = 0.96) between quantity sold of a product and two factors: price and advertising spend. Price had a negative correlation with quantity sold, while advertising had a positive correlation. The regression model can predict quantity sold with an error of 310 units on average based on these two factors.

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sankeerthana annem
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44 views

Quantity Sold Price Advertising 8500 2 2800 4700 5 200 5800 3 400 7400 2 500 6200 5 3200 7300 3 1800 5600 4 900

The regression analysis found a strong correlation (R^2 = 0.96) between quantity sold of a product and two factors: price and advertising spend. Price had a negative correlation with quantity sold, while advertising had a positive correlation. The regression model can predict quantity sold with an error of 310 units on average based on these two factors.

Uploaded by

sankeerthana annem
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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Quantity Sold Price Advertising

8500 2 2800
4700 5 200
5800 3 400
7400 2 500
6200 5 3200
7300 3 1800
5600 4 900
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.980681430577099
R Square 0.961736068278745
Adjusted R Square 0.942604102418118
Standard Error 310.523924903641
Observations 7

ANOVA
df SS MS
Regression 2 9694299.56824975 4847150
Residual 4 385700.431750249 96425.11
Total 6 10080000

Coefficients Standard Error t Stat


Intercept 8536.21388243109 386.911747843577 22.06243
Price -835.72235137828 99.6530446916677 -8.38632
Advertising 0.59222849551644 0.104346803002465 5.675579

RESIDUAL OUTPUT

Observation Predicted Quantity Sold Residuals


1 8523.00896712056 -23.0089671205569
2 4476.04782464298 223.952175357024
3 6265.93822650282 -465.938226502823
4 7160.88342743275 239.116572567254
5 6252.73331119229 -52.7333111922944
6 7095.05812022584 204.941879774162
7 5726.33012288276 -126.330122882763
F Significance F
50.2685440317425 0.0014641284708

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


2.498117433429E-05 7461.9746540469 9610.4531108 7461.974654 9610.45311081533
0.001106063924508 -1112.403559515 -559.04114324 -1112.40356 -559.041143241388
0.004755309386118 0.3025153250933 0.8819416659 0.3025153251 0.88194166593961

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