Linear regression-forecasting future conditions

Assignment Help Basic Statistics
Reference no: EM1397225

Most businesses use some form of linear regression in forecasting future conditions. Give an example of the use of regression analysis at your organization. What were the independent and dependent variables? How accurate were the estimates obtained from regression analysis? Do you feel that this is a valid method of estimating future conditions?

Reference no: EM1397225

Questions Cloud

Difference between the null and alternative hypothesis : Explain the difference between the null and alternative hypothesis. Which one can be proven in a statistical sense?
Calculate the percent of air : Calculate the percent (by volume) of air that would be displaced when all of theN2 (l) get evaporated. it is given that Liquid nitrogen has a density of 0.807 g/mL
Determine the ph of solution : Need to prepare a solution of 0.2 L 0.4 M then determine how many cm^3 of a solution of H2SO4 (sulfuric acid) 80.0%
How would dna replication be affected : How would DNA replication be affected if ligase were not available?
Linear regression-forecasting future conditions : Most businesses use some form of linear regression in forecasting future conditions. Give an example of the use of regression analysis at your organization. What were the independent and dependent variables?
Explain the value and application of the above research : Discuss some of the recent (within five years) and current research on Nutrition, Obesity, and Atherosclerotic Cardiovascular Disease.
Estimate parental chromosomes in the dihybrid male : Two dominant alleles in mice both affect the appearance of the tail. Shorty (S) produces mice with short tails and hairy produces mice with hairy tails.
Lengths of the burglary-uniformly distributed : A burglar plans his crimes so carefully that the lengths of the burglary are uniformly distributed between 50.0 and 52.0 minutes. Find the probability that a given burglary runs between 51.0 and 51.5 minutes.
How the bicarbonate buffering system can help buffer : Which process occurs as a result of an excess of CO2 in the blood? Why? Write the chemical reaction showing how the bicarbonate buffering system can help buffer against a change in pH.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Advantages and disadvantages of quasi-experiments

Describe the advantages and disadvantages of quasi-experiments? What is the fundamental weakness of a quasi-experimental design? Why is it a weakness? Does its weakness always matter?

  Market share-percentage growth rate

You're operating a business in very competitive market. You're not yet the dominant player, but you have invested heavily in marketing and product development and it has paid off with a steady growth rate of 10%.

  What is the probability that none of the men will say yes

Dating In Chances- Risks and Odds in Everyday Life, James Burke claims that about 70 percent of all single men would welcome a woman taking the initiative in asking for a date. A random sample of 20 single men was asked if they would welcome the woma..

  Dignificant difference between the two population means

If the limits of the confidence interval of the difference between the means of two normally distributed populations were 3.5 and 5.5 at the 95% confidence level, then we can conclude that we are 95% certain that there is a significant difference ..

  Determining expected dividend per share

Dividend is expected to grow 7% a year for next 3 years and then at 5% a year after that. Determine the expected dividend per share for each of the next five years?

  Decision regarding the null hypothesis

Mention your decision regarding the null hypothesis. If H 0 rejected can we conclude that treatment 2 and treatment 3 differ? Use 95 percent level of confidence.

  Details about multiple regression

Recall that in Exercise 45 the personnel director for Electronics Associates developed the following estimated regression equation relating an employee's score on a job satisfaction test to length of service and wage rate.

  Confidence interval and population mean

Assume that the same sample mean was obtained from a sample of 120 items. Provide a 95% confidence interval for the population mean (to 2 decimals).

  Determine required probability for binomial distribution

A random sample of 20 single men was asked if they would welcome a woman taking the initiative in asking for a date. What is the probability that

  True proportion of perfect condition

He (given that) the true proportion of perfect condition items is only 80% what is the probability that the lot will not be shipped?

  Statistically significant evidence problem

Election officials take a random sample of 100 signatures and thoroughly investigate them to find that 84% are valid. Is this statistically significant evidence that the candidate has enough valid signatures overall? Explain.

  Employee morale and productivity

Your company has experienced problems with employee morale and productivity. The consultant that was hired submits a report that includes opinions and data collected from 300 secretaries and clerks as well as 75 senior managers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd