Logistic regression model, Applied Statistics

Assignment Help:

A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood that a family will purchase a new car during the next year. A random sample of 33 suburban families was selected. Data on annual family income (in thousand dollars, X1), the current age of the oldest family automobile (in years, X2) were obtained. A follow up interview conducted 12 months later was used to determine whether the family actually purchased a new car (Y = 1) or did not purchased a new car (Y = 0).

The data is stored in file new-car.sav. and attach.

A) Specify a logistic regression model for this study,

B) Estimate all the coefficients of β0, β1 and β2,

C) Obtain exp(b1) and exp(b2) and interpret these numbers,

D) What is the estimated possibility that a family with annual income of $50 thousand and an old car of 3 years will purchase a new car next year?


Related Discussions:- Logistic regression model

Multiple regression analysis, Complete the multiple regression model using ...

Complete the multiple regression model using Y and your combined X variables.  State the equation.  Next, make sure that you evaluate overall model performance with the Anova table

Communaiities, The cornlnunalities h j represent the fraction of the tota...

The cornlnunalities h j represent the fraction of the total variance' 'accounted for of variabie j. Ry calculating the communalities we can keep track of how much of-the orig

Determine percent of population in city - bayes theoram, (1) Assume we cat...

(1) Assume we categorize voters in a city as havingless educationand those havingmoreeducation. Those with less education have less than a college degree; those with more education

Normal probability plots, The Null Hypothesis - H0:  The random errors will...

The Null Hypothesis - H0:  The random errors will be normally distributed The Alternative Hypothesis - H1:  The random errors are not normally distributed Reject H0: when P-v

Determine the compressive force, The weight of the engine in kN is given in...

The weight of the engine in kN is given in P2 and is suspended from a vertical chain at A. A second chain round the engine is attached at A, with a spreader bar between B and C. Th

Non-sampling errors, Statistics Can Lead to Errors The use of st...

Statistics Can Lead to Errors The use of statistics can often lead to wrong conclusions or wrong estimates. For example, we may want to find out the average savings by i

Multivariate analysis, Multivariate analysis involves a set of techniques t...

Multivariate analysis involves a set of techniques to analyse data sets on more than one variable. Many of these techniques are modern and often involve quite sophisticated use of

Good average, Examine properties of good average with reference to AM, GM, ...

Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE

Finding the z-score, 10. If a set of scores has a sample mean of 25 and a s...

10. If a set of scores has a sample mean of 25 and a sample variance of 4, find the following: a. the z-score for a raw score of 31 b. the z-score for a raw score of 18 c. the raw

Linear regression, Linear Regression Generally, in two mutually related...

Linear Regression Generally, in two mutually related statistical series, the regression analysis based on graphic method. Under graphic method the values  of X and Y variable

Write Your Message!

Captcha
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