Solution-Develop a regression model

Develop a regression model

Assignment Help Business Economics

Reference no: EM133066439

In 2009, the New York Yankees won 103 baseball games during the regular season. The table below lists the number of victories (W), the earned run-average (ERA), and the batting average (BA) of each team in the American League. The ERA is one measure of the effectiveness of the pitching staff, and a lower number is better. The batting average is one measure of effectiveness of the hitters, and a higher number is better.

Team	W	ERA	BA
Yankees	103	4.26	0.283
Angels	97	4.45	0.285
Red Sox	95	4.35	0.270
Twins	87	4.5	0.274
Rangers	87	4.38	0.260
Tiger	86	4.29	0.260
Marines	85	3.87	0.258
Rays	84	4.33	0.263
White Sox	79	4.14	0.258
Blue jay	75	4.47	0.266
Athletics	75	4.26	0.262
Indians	65	5.06	0.264
Royal	65	4.83	0.259
Orioles	64	5.15	0.268

Develop a regression model that could be used to predict the number of victories based on the ERA.
Develop a regression model that could be used to predict the number of victories based on the BA.
Calculate the values of r for both models and interpret the value of r in the context of this problem
Which of the two models is better for predicting the number of victories?
Should both variables be included in the model? Why or why not?

Reference no: EM133066439

Questions Cloud

Assignment on amortization schedule : In this question, you must create a simple mortgage loan amortization schedule using Microsoft Excel. The excel sheet should contain simple tables detailing the

Absolute value of the price elasticity of demand : Suppose a drought decreased the supply of cotton so that the price of cotton rose from $120 a tonne to $180 a tonne and quantity sold decreased from 800 tonnes

Gdp deflator and real gdp : (a) Use the following table to calculate GDP price deflator in 2019 and 2020 and the change in the overall price level from 2019 to 2020.

School budget data affect your school culture : How can the effective use of the school budget's data affect your school's culture? we honor God by serving others in ways that promote human flourishing."

Develop a regression model : In 2009, the New York Yankees won 103 baseball games during the regular season. The table below lists the number of victories (W), the earned run-average (ERA),

Create a project initiation document : Create a Project Initiation Document (PID) (maximum 1000 words). This document utilizes well researched visuals that aide with the presentation

Complex economic system : As the authors explain in Chapter 15, India developed a complex economic system after independence that includes traditional, socialist, and capitalist componen

Man and Nature : What are the some of the arguments for labeling GM foods? What are some of the arguments against it?

What amount of gain or loss is realized and recognized : What amount of gain or loss is realized and recognized by Rebecca on the real estate transfer to Black Corporation

User Account

All Pages

Develop a regression model

Reference no: EM133066439

Reference no: EM133066439

Questions Cloud

Reviews

Write a Review

Business Economics Questions & Answers

Which escaped ended up polinating his neighbors orchard so

Describe the process in the money market

In the simple linear regression model

Price elasticity of demand

Charles was called into douglas office

Write down the profit maximization problem faced by firm

U-shaped average total cost curve implies what

Policy makers encounter in making decisions

Investment spending aggregate demand potential output

Technology and same consumption preferences

Having comparative advantage

What is the accounting cost of operating the business

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT