Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer full question 2. Consider the following data for two abstract variables, x and y. Column i is an ID variable. Use Microsoft Excel's

please answer full question image text in transcribed
image text in transcribed
2. Consider the following data for two abstract variables, x and y. Column i is an ID variable. Use Microsoft Excel's Data Amalysis Tool Pak to calculate the descriptive statistics for both variables. (a) What is the mean of x ? (b) What is the mean of y ? Use Microsoft Excel's Data Amalysis Tool Pak to fit a regression equation using y as the dependent variable. (c) What is 1 ? (d) What is 0 ? (e) What is r2 ? (f) What is SST? (g) What is SSE? (b) What is SSR? (i) What is MSE? (j) At what confidence level (not significant, 90%,95%, or 99% ) is 1 statistically significant? (k) At what confidence level (not signi ficant, 90%,95%, or 99% ) is 0 statistically significant? (I) What is the correlation coefficient for these 2 variables? (m) Does your model pass the F-test for the whole regression? Perform a residual analysis for your regression. Specifically, create 2 scatterplots. The first should have x as the borizontal axis and the residuals (errors) as the vertical axis. The second should have x as the horizontal axis and the standardiyed residuals (errors) as the vertical axis. Round wour 2 residual columus to 4 decimal nlaces Perform a residual amalysis for your regression. Specifically, create 2 scatterplots. The first should have x as the borizontal axis and the residuals (errors) as the vertical axis. The second should have x as the horizontal axis and the standardized residuals (errors) as the vertical axis. Round your 2 residual columrs to 4 decimal places (n) Did your regression pass the residual analysis (Yes or No)? Test your data for outliers. [Hint: There is one outlier.] (o) Which observation (which i ) was the outlier? Re-estimate the regression without the outlier. (p) What is 1 now? (q) What is 0 now? (r) What is r2 now? (s) At what confidence level (not significant, 90%,95%, or 99% ) is 1 statistically significant now? (t) At what confidence level (not significant, 90%,95%, or 99% ) is 0 statistically significant now? (u) What is the correlation coefficient for these 2 variables now? (v) Does your new model pass the F-test for the whole regression

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

Financial Accounting For MBAs

Authors: Easton, Wild, Halsey, McAnally

7th Edition

1618532316, 978-1618532312

More Books

Students also viewed these Accounting questions