Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE HELP! I Need help analyzing the results of the following data. More specifically answering the following prompts... Thank you! Analyze the results 1. Use

PLEASE HELP! I Need help analyzing the results of the following data. More specifically answering the following prompts... Thank you!
Analyze the results
1. Use the adjusted-R2 and SER to select the best model. Explain your results. Can your model be improved by dropping or including new relevant variables? Explain and present the results.
2. Use the F-statistics to find the overall significance of the model.
3. Do the estimated coefficients have expected signs? Explain and analyze.
4. Are the estimates statistically significant? Explain and analyze.
5. Interpret each estimated coefficient
image text in transcribed
image text in transcribed
Chegg Home Study tools My courses My books My folder Caree Question: PLEASE HELP! I Need help analyzing the results of t PLEASE HELP! I Need help analyzing the results of the following data. More specifically answering the following prompts... Thank you! Analyze the results 1. Use the adjusted-R2 and SER to select the best model. Explain your results. Can your model be improved by dropping or including new relevant variables? Explain and present the results. 2. Use the F-statistics to find the overall significance of the model. 3. Do the estimated coefficients have expected signs? Explain and analyze. 4. Are the estimates statistically significant? Explain and analyze. 5. Interpret each estimated coefficient G H REGRESSION ANALYSIS FOR SOFT DRINK Regression Statistic 4 Multiple 0.835476305 5 Square 0.698023997 6 Mjusted 0.677434724 7 Standard Entor 2010021 3. Obrations 48 9 10 ANOVA 11 12 Regression 1) Resdual 44 14 Total 47 55 1.565 64412.00016 213301 0167 MS 406255217 1463.910458 SynF 33.5023141 1.64557E-11 16 17 narce 10 ASICS AD INCOME SICARTA 20 MEAN TEMD. 21 2 5102 242.00 1724163 2.53122001 Standard En 1315245 4.50127 152361 7114 Stor volue Lower ON 4.5171218- 285.6622575 5.502141964 1106 0910914 0.0572593154440624 4130027416 0.000164543 1.48737295 2.6710161 28.01.2258 155.292003092207 2920 10 363 1.4 up ON 22.6710 155 4.29 SO CANS/CARITA/YR 6-PACK $ PRICE INCOME S/CAPITA MEAN TEMP.F Mean Standard Error Median Mode Standard Deviation Sample Variance Kurtosis Skewness Range Minimum Maximum 158.2083333 Mean 9.72361671 Standard Error 143 Median 237 Mode 67.3671927 Standard Deviation 4538.338552 Sample Variance -0.51894258 Kurtosis 0.510788309 Skewness 267 Range 63 Minimum 330 Maximum 7594 Sum 48 Count 2.2025 Mean 0.02353227 Standard Error 2.21 Median 2.19 Mode 0.163036349 Standard Deviatio 0.026580851 Sample Variance -0.340710382 Kurtois -0.215592554 Skewness 0.7 Range 1.89 Minimum 2.59 Maximum 105.72 Sum 48 Count 17.9375 Mean 0.605388225 Standard Error 17.5 Median 16 Mode 4.194252653 Standard Deviation 17.59175532 Sample Variance -0.22155227 kurtosis 0.441130744 Skewness 18 Range 10 Minimum 28 Maximum 861 Sum 48 Count 53,60416667 1.334138044 52 50 9.243144863 85.43572695 0.832289222 0.7235018 47 15 Sum 82 2573 48 Count Variables Coefficient t-statistic Significant 6 pack $ price -242.97 -5.58 0.00 Income S/capital 1.22 0.80 0.43 Mean Temp 2.93 4.12 0.00 Can/capita/yr 6 pack S price Income $/capita Mean Temp slopes -242.97 1.22 2.93 mean 158.21 2.2 17.94 53.60

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 & Managerial Accounting

Authors: Carl S. Warren

10th Edition

0324663811, 9780324663815

More Books

Students also viewed these Accounting questions