Multiple regression predicts a single dependent variable y

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Reference no: EM13602985

Multiple regression predicts a single dependent variable, y, from two or more independent x variables.

MLR is a statistical technique for modeling the relationship between a dependent variable and two or more independent variables.

You own a pizza restaurant. There is a Pizza Hut across the street. You tracked average weekly prices, including coupons and specials.

Week	Your Price	Pizza Hut Price	Your Sales
1	16.95	11.50	2,208
2	12.50	12.50	2,682
3	19.99	10.50	2,061
4	13.99	12.00	2,526
5	18.88	11.00	2,158
6	22.95	9.25	1,732
7	11.99	13.50	2,877
8	15.50	11.50	2,312
9	12.75	12.00	2,606
10	14.99	12.00	2,488
Total	160. 49	115.75	23,650

a. What are the independent variables?

b. What is the dependent variable?

c. What is the regression equation?

d. What is the coefficient of determination?

e. If you charge $18.00 and Pizza Hut charges $11.00, what are your expected sales?

Reference no: EM13602985

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