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Regression Example

The regression analysis shows a strong relationship between the variables with an R-squared value of 0.9617, indicating that approximately 96% of the variance in quantity sold can be explained by the model. The coefficients suggest that price negatively impacts quantity sold, while advertising has a positive effect. The ANOVA results confirm the model's significance with a p-value of 0.0015.

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adith
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24 views3 pages

Regression Example

The regression analysis shows a strong relationship between the variables with an R-squared value of 0.9617, indicating that approximately 96% of the variance in quantity sold can be explained by the model. The coefficients suggest that price negatively impacts quantity sold, while advertising has a positive effect. The ANOVA results confirm the model's significance with a p-value of 0.0015.

Uploaded by

adith
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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SUMMARY OUTPUT

Regression Statistics
Multiple R 0.98068143
R Square 0.96173607
Adjusted R S 0.9426041
Standard Erro 310.523925
Observations 7

ANOVA
df SS MS F Significance F
Regression 2 9694299.57 4847149.78 50.268544 0.00146413
Residual 4 385700.432 96425.1079
Total 6 10080000

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95% Lower 95.0%
Intercept 8536.21388 386.911748 22.0624314 2.49812E-05 7461.97465 9610.45311 7461.97465
Price -835.722351 99.6530447 -8.3863203 0.00110606 -1112.40356 -559.041143 -1112.40356
Advertising 0.5922285 0.1043468 5.67557873 0.00475531 0.30251533 0.88194167 0.30251533

RESIDUAL OUTPUT

Observation
Predicted Qty SoldResiduals
1 8523.00897 -23.0089671
2 4476.04782 223.952175
3 6265.93823 -465.938227
4 7160.88343 239.116573
5 6252.73331 -52.7333112
6 7095.05812 204.94188
7 5726.33012 -126.330123
Upper 95.0%
9610.45311
-559.041143
0.88194167
Qty Sold Price Advertising
8500 $ 2 $ 2,800
4700 $ 5 $ 200
5800 $ 3 $ 400
7400 $ 2 $ 500
6200 $ 5 $ 3,200
7300 $ 3 $ 1,800
5600 $ 4 $ 900

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