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

Stat, solve problems

solve problems

Evaluate the p - value, Use the given information to find the P-value. T...

Use the given information to find the P-value. The test statistic in a two-tailed test is z = 1.49 P-value = (round to four decimal places as needed)

Determine how the ordinary least squares, Question Following the general...

Question Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good com

Coefficient of variation, Coefficient of Variation The standard dev...

Coefficient of Variation The standard deviation discussed above is an absolute measure of dispersion. The corresponding relative measure is known as the coefficient of vari

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

Determine relative frequency, A sample of college students and a separate s...

A sample of college students and a separate sample of adults aged 30-59 were surveyed regarding the amount of fruit they eat each day.  The results are shown in the histograms belo

What are the hypotheses, Assume that a simple random sample has been select...

Assume that a simple random sample has been selected from a normally distribute population and test the given claim. Identify the null and alternative hypotheses, test statistic,

Linear regression mode, The State Department of Taxation wishes to investig...

The State Department of Taxation wishes to investigate the effect of experience, x, on the amount of time, y, required to fill out Form ST 1040AVG, the state income-averaging form.

Define the partial market equilibrium model, Q. The following system of equ...

Q. The following system of equations illustrates the algebraic form of a partial (individual) market equilibrium model, which is a model of price (P) and quantity (Q) determination

MEASURING TREND, DISCUSS THE METHODS OF MEASURING TREND

DISCUSS THE METHODS OF MEASURING TREND

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