Compute the equation of the regression line

Reference no: EM132313872

Q1. Carefully Read the "CommBank Retail Business Insights Report FY18" provided with this as an attachment and answer the below questions.

i. Comment on the insights report based on the overall features; including the quality of visualisations, presentability, and the information provided.

ii. List the key information you derive from this insights report and explain how they will be useful in decision making.

iii. Write an abstract (one paragraph) summarising the insights report.

iv. Suggest improvements to this insights report.

Q2. Regression analysis is a commonly used technique to find relationships among variables. Answer the below questions based on regression analysis.

i. Provide an example where regression analysis can be effectively used.

ii. Collect height and weight data from 10 friends/relatives of yours and complete the below table. Every student in class should have a unique set of values.

	Height	Weight

iii. Draw a scatterplot based on above data. Based on your plot comment on the relationship between height and weight.

iv. Compute the equation of the regression line.

v. Calculate the R2 value and comment on the goodness of the fit.

vi. Use an analytics tool of your choice to calculate the values for iv, and v. Compare them with your answer.

Q3 Classification and regression are commonly used processes in business analytics.
i. Briefly explain the difference between classification and prediction.

ii. Give examples for classification methods you know.

iii. The following diagram shows a neural network with one hidden layer.

Write down the algebraic equation for y1 in terms of input values i1,i2 and weights w. Briefly explain how neural networks are used for classification.

iv. Give at least three examples how clustering can be used in business analytics. In your answer explain how each business case could be addressed using clustering.

Attachment:- Business Analytics.rar

Reference no: EM132313872

Questions Cloud

Virtual team that is working on a project : You are the manager of a virtual team that is working on a project. You uploaded a Word document to an OneDrive account that your team is sharing.

How school health is delivered within local school system : Investigate how school health is delivered within your local school system. You can look at one specific school, or an entire school district.

Create a list of talking points that support color : Then create a list of talking points that support your color scheme choice that you can take to the lunch meeting.

Questionable teaching methods or methods : The professor has very questionable teaching methods or his methods are just not for me.

Compute the equation of the regression line : MITS6002 - Business Analytics - Victorian Institute of Technology - Draw a scatterplot based on above data. Based on your plot comment on the relationship

Health problems of patients within hispanic culture : What is significant factor when caring for health problems of patients within Hispanic culture?What might a patient of German descent used to treat stomachache?

Compare the vulnerable populations : Compare vulnerable populations. Describe an example of one of these groups in the United States or from another country. Explain why the population is.

How does the community health nurse recognize implicit bias : How should the nurse address these concepts to ensure health promotion activities are culturally competent? Propose strategies that you can employ to.

Explain the roles of information communication : Explain the roles of Information Communication echnology in research

User Account

All Pages