Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SUMMARY OUTPUT Regression Statistics Multiple R 0.99791439 R Square 0.99583312 Adjusted R Square 0.99583041 Standard Error 3813.87356 Observations 1536 ANOVA df SS MS F Significance
SUMMARY OUTPUT | ||||||||
Regression Statistics | ||||||||
Multiple R | 0.99791439 | |||||||
R Square | 0.99583312 | |||||||
Adjusted R Square | 0.99583041 | |||||||
Standard Error | 3813.87356 | |||||||
Observations | 1536 | |||||||
ANOVA | ||||||||
df | SS | MS | F | Significance F | ||||
Regression | 1 | 5.3325E+12 | 5.3325E+12 | 366607.302 | 0 | |||
Residual | 1534 | 2.2313E+10 | 14545631.6 | |||||
Total | 1535 | 5.3548E+12 | ||||||
Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95.0% | Upper 95.0% | |
Intercept | -58349.162 | 502.218877 | -116.18273 | 0 | -59334.27 | -57364.053 | -59334.27 | -57364.053 |
Quantity | 2001.34946 | 3.30538745 | 605.48105 | 0 | 1994.86591 | 2007.83302 | 1994.86591 | 2007.83302 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started