Term Paper Assignment 20%

This assignment relates to the following Course Learning Requirements:

[CLR 1]Calculate the chance that some specific event will occur at some future time knowledge of the normal probability distribution

[CLR 2]Perform Sampling Distribution and Estimation

[CLR 3]Conduct Hypothesis Testing

[CLR 4]Understand and calculate Regression and Correlation

Objective of this Assignment:To conduct a regression and correlation analysis

Instructions:

The term paper must be typed and it will not be returned.

The term paper involves conducting a regression and correlation analysis on any topic of your choosing. The paper must be based on yearly data for any economic or business variable, for a period of at least 20 years

(Note: the source of the data must be given. Data which is not properly documented as to source is unacceptable and paper will be graded F. Textbook examples are unacceptable).

The paper can be between 3 to 5 pages (1500 to 2000 words).

The term 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 coefficients; 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 coefficients (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 (Y-Yc)=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 21styear .

Criteria Excellent

80-100% Good

50-79% Requires Improvement

<50% Points

Use and Interpretation of formulas, graphs, tables Uses and develops appropriate model and interprets quantitative information with clearly defined variables, units or representations Uses and develops appropriate model and interprets quantitative information Uses and develops appropriate model and interprets quantitative information with few or many errors /4

Comments

Use of appropriate mathematical methods such as arithmetic, geometric or analytical means to solve problems

Communication of this information effectively using visual, numerical or verbal representations The problem is solved correctly

All work is shown using appropriate methods with no errors in the calculations

All visual, numerical and/or verbal representations are clear in the solution Some steps are missing or unclear

The solution to the problem is mostly correct

The work shown is incomplete or contains minor errors

The attempt to solve the problem is evident

The solution is unclear or difficult to follow

The limited amount of work shown has an incomplete or incorrect solution. Some of the information is correct, but contains conceptual error /12

Comments

Soundness and accuracy of conclusions derived from quantitative information There is a detailed and clear evaluation which justifies the accuracy of the answer and the conclusions The evaluation for the accuracy of the conclusion and answer is clear, but leaves out some details The evaluation of the conclusion or the answer is attempted, but it is either unclear or irrelevant /4

Comments

Total Points /20

hi, i need help in this question. can anyone solve for me till 4 pm. its due today at 4:30pm.