ITLS5050 Data Set 2 v5 Simple Regression
ITLS5050 Data Set 2 v5 Simple Regression
500
This scatter plot shows the relationship
between the number of workers and
amount of production in the sample.
450
400
Production
350
300
250
200
45 50 55 60 65 70 75 80
Workers
Scatter plot of workers versus production
500 Production is highest when there are many workers
and lowest when there are few workers.
The trendline shows that relationship.
We can expect production to be along the trend line.
450
This is the equation of the trend line
400
f(x) = 4.01996518980369 x + 75.329560025557
Production
R² = 0.385696593213043
350
300
Trend line
250
200
45 50 55 60 65 70 75 80
Workers
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.62
R Square 0.39 Variance in workers explains 39% of the variance in production.
Adjusted R Square 0.38
Standard Error 36.3 We expect that 95% of the time production will be within two standard errors
Observations 150.0
ANOVA
df SS MS F Significance F
Regression 1 122248.62 122248.62 92.92 0.00
Residual 148 194706.78 1315.59
Total 149 316955.39
If this is less than 0.05 then we are at least 95% confident that workers does help to explain production in the population.
Upper 95%
128.4 Our forecast is that production will be 75.3 plus 4 times the number of workers on duty.
4.8
than 0.05 then we are at least 95% confident that workers does help to explain production in the population.
e sample, adding one woker added 4 to production.
do not know what the real relation is in the population.
we are 95% sure that adding one worker will add between 3.2 and 4.8 to production.
400
Production
Forecast line
350
300
Lower boundary
250
200
45 50 55 60 65 70 75 80
Workers
Forecasts
This page shows how our forecast for production varies as we build more complex models
We will product production for weekday afternoon shift with 60 workers on duty and 30 production machines in operation wi