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Date Trend Volume Jun-95 1 5.42 Jul-95 2 9.89 Aug-95 3 10.62 Sep-95 4 9.57 Oct-95 5 3.34 Nov-95 6 6.35 SUMMARY OUTPUT Regression Statistics
Date | Trend | Volume |
Jun-95 | 1 | 5.42 |
Jul-95 | 2 | 9.89 |
Aug-95 | 3 | 10.62 |
Sep-95 | 4 | 9.57 |
Oct-95 | 5 | 3.34 |
Nov-95 | 6 | 6.35 |
SUMMARY OUTPUT | ||||||
Regression Statistics | ||||||
Multiple R | 0.5972045 | |||||
R Square | 0.356653215 | |||||
Adjusted R Square | 0.354079828 | |||||
Standard Error | 2.375341372 | |||||
Observations | 252 | |||||
ANOVA | ||||||
df | SS | MS | F | Significance F | ||
Regression | 1 | 781.9753866 | 781.9753866 | 138.5929111 | 0.0000 | |
Residual | 250 | 1410.561659 | 5.642246636 | |||
Total | 251 | 2192.537046 | ||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | |
Intercept | 6.656032775 | 0.300157769 | 22.17511409 | 0.0000 | 6.064872531 | 7.247193019 |
Trend | 0.024215295 | 0.002056929 | 11.77254905 | 0.0000 | 0.020164177 | 0.028266414 |
given the data above, Trend as an independent variable and volume of sales of rice as a dependent variable, how can we comment on the findings? or how can we interpret the regression analysis outcome?
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