Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help!! This paper involves conducting a regression and correlation analysis on SMALL BUSINESS STATISTICS for the past 5-10 years. (https://smallbiztrends.com/2019/03/startup- statistics-small-business.html) The paper must be

Help!! This paper involves conducting a regression and correlation analysis on SMALL BUSINESS STATISTICS for the past 5-10 years. (https://smallbiztrends.com/2019/03/startup- statistics-small-business.html) The paper must be based on yearly data for any economic or business variable. I the paper should distinguish between dependent and independent variables; determine the regression equation by the least squares method; plot the regression line on a scatter diagram; interpret the meaning of regression coefcients; use the regression equation to predict values of the dependent variable for selected values of the independent variable and construct forecast intervals and calculate the standard error of estimate, coefficients of determination (r2) and correlation (r) and interpret the meaning of the coefcients (r2) and (r). Your regression and correlation analysis must: 1. Graph the data (scatter diagram) 2. Use the method of least squares to derive a trend equation and trend values 3. Use check column to verify computations E (YYc)=0 4. Superimpose trend equation on scatter diagram. 5. Use your model to predict the movement of the variable for the next year. 6. Compare your predictions with the actual behavior of the variable during the 21 styear

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

Precalculus

Authors: Michael Sullivan

10th Global Edition

ISBN: 1292121772, 1292121777, 978-1292121772

More Books

Students also viewed these Mathematics questions

Question

3.2 Define mindset and explain its importance to entrepreneurs.

Answered: 1 week ago