Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(20 points) Run a regression of Walmart Sales (y) on both CPI and Retail Price Index. Is this a good model? Are any points odd?

  1. (20 points) Run a regression of Walmart Sales (y) on both CPI and Retail Price Index.
    1. Is this a good model? Are any points odd? What is interesting about those odd points?
Sales ($B) CPI Retail Price Index
14.764 552.7 301337
23.106 552.1 357704
12.131 554.9 281463
13.628 557.9 282445
16.722 561.5 319107
13.98 563.2 315278
14.388 566.4 328499
18.111 568.2 321151
13.764 567.5 328025
14.296 567.6 326280
17.169 568.7 313444
13.915 571.9 319639
15.739 572.2 324067
26.177 570.1 386918
13.17 571.2 293027
15.139 574.5 294892
18.683 579 338969
14.829 582.9 335626
15.697 582.4 345400
20.23 582.6 351068
15.26 585.2 351887
15.709 588.2 355897
18.618 595.4 333652
15.397 596.7 336662
17.384 592 344441
27.92 589.4 406510
14.555 593.9 322222
18.684 595.2 318184
16.639 598.6 366989
20.17 603.5 357334
16.901 606.5 380085
21.47 607.8 373279
16.542 609.6 368611
16.98 610.9 382600
20.091 607.9 352686
16.583 604.6 354740
18.761 603.6 363468
28.795 604.5 424946
20.473 606.348 332797

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry

Authors: Mark Dugopolski

3rd Edition

0321899830, 9780321899835

More Books

Students also viewed these Mathematics questions

Question

What does this look like?

Answered: 1 week ago