Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 The model on question is estimating the impact of marketing on revenue on an organisation. Answer the questions that follows Dependent Variable: REVENUES

image text in transcribed

Question 2 The model on question is estimating the impact of marketing on revenue on an organisation. Answer the questions that follows Dependent Variable: REVENUES Method: Least Squares Sample: 1 13 Included observations: 13 Variable Coefficient Std. Error t-Statistic Prob. MARKETING 6.169683 0.397549 15.51932 0.0000 -245.9496 105.3924 -2.333656 0.0396 R-squared 0.956323 Mean dependent var 1063.561 Adjusted R-squared 0.952352 S.D. dependent var 1043.065 S.E. of regression 227.6836 Akaike info criterion 13.83443 Sum squared resid 570238.1 Schwarz criterion 13.92134 Log likelihood -87.92379 F-statistic 240.8493 Durbin-Watson stat 0.526471 Prob(F-statistic) 0.000000 What is the main problem detected by the model b. Which assumption of the CLRM has been violated c. In detail explain the causes of this problem d. Discuss the consequences of such a problem to the model Question 2 The model on question is estimating the impact of marketing on revenue on an organisation. Answer the questions that follows Dependent Variable: REVENUES Method: Least Squares Sample: 1 13 Included observations: 13 Variable Coefficient Std. Error t-Statistic Prob. MARKETING 6.169683 0.397549 15.51932 0.0000 -245.9496 105.3924 -2.333656 0.0396 R-squared 0.956323 Mean dependent var 1063.561 Adjusted R-squared 0.952352 S.D. dependent var 1043.065 S.E. of regression 227.6836 Akaike info criterion 13.83443 Sum squared resid 570238.1 Schwarz criterion 13.92134 Log likelihood -87.92379 F-statistic 240.8493 Durbin-Watson stat 0.526471 Prob(F-statistic) 0.000000 What is the main problem detected by the model b. Which assumption of the CLRM has been violated c. In detail explain the causes of this problem d. Discuss the consequences of such a problem to the model

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

Cost Accounting Foundations And Evolutions

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

6th Edition

0324235011, 978-0324235012

More Books

Students also viewed these Accounting questions

Question

What is an investment activity and how are its expenses deducted?

Answered: 1 week ago