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What is the rmse of each of the two models

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Reference no: EM131532252

Questions:

1. Calculate the mean, median, mode and standard deviation for three variables of your choice contained in the data set.

2. Calculate the coefficient of correlation and coefficient of determination for all the possible pairs of the three identified variables.

3. Create a multiple linear regression equationfrom the dataset with choosing your ownY-variable and at least three X-variables.

a. What is its Adjusted R-Squared?

b. What is the predicted value of your Y variable for the most recent year +1, i.e., (n+1)? For example, if the most recent year of your data set is 2016, you should predict the value for 2017.

c. What can you say about the p-values of the regression coefficients?

4. Create linear and quadratic time series regressions to model one of the X variables. There is no need to deseasonalize the data through dummy variables or seasonal factors.

a. What is the RMSE of each of the two models?

b. What is the predicted value of chosen X variable for the most recent year +2, i.e., (n+2)? For example, if the most recent year of your data set is 2016, you should predict the value for 2018.

5. Analyze Question #3 and #4 of the above and explain your assumptions and reasoning.

Verified Expert

The solution contains answering the 4 questions of which are being asked in context to Statistical Methods of Regression & Analysis. The solution contains approximately 1400 words and is being completed by APA referencing system.

Reference no: EM131532252

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inf1532252

7/31/2017 5:50:14 AM

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inf1532252

7/19/2017 5:37:15 AM

Please let us know that which company of data set you will use in this assignment. Please use The data of the world bank. No only excel, ?Please Update us id you can do it..?/

len1532252

6/15/2017 8:38:32 AM

There are many good public datasets available, for example from multilateral agencies like the IMF and World Bank, and American agencies like FBI, NOAA and SEC (Edgar). Also in Europe, Eurostathas a huge amount of data that you can pick from. I want the expert to choose a data set so i can get it approve.

len1532252

6/15/2017 8:37:58 AM

2. All citations must follow APA format guidelines. 3. Font size should be 12pt, and font should be Times New Roman. 4. Spacing should be no larger than double spacing. 5. Students should follow the specific instructions on the assignment for page length and paper requirements.

len1532252

6/15/2017 8:37:34 AM

Instructions: 1. DELIVERABLES: Please submit the following: a. A Word document containing your answers to the questions listed below. b. An Excel spreadsheet showing your work in a clear, easy-to-understand manner. Where applicable, please leave the formulas in place. 2. DATASET FOR THE PROJECT: Choose a dataset you want to use for the resubmission project. The dataset needs to meet the following requirements but before using it, please confirm your dataset with your professor: a. It should be a publicly available dataset and written in English b. The dataset should have at least 30 rows and 10 columns of data c. For analytical purposes, the dataset shoud have at least one dependent (Y) variable and three independent (X) variables.

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