Purchase Solution

Regression analysis

Not what you're looking for?

Ask Custom Question

Regression analysis was applied between demand for a product (Y) and the price of the product (X), and the following estimated regression equation was obtained. Y = 130 - 20 X
Based on the above estimated regression equation, if the price is increased by 2 units, then demand is expected to

decrease by 90 units
increase by 40 units
increase by 130 units
decrease by 40 units
increase by 150 units

Purchase this Solution
Solution Summary

Step by step method for regression analysis is discussed here. Regression coefficients, coefficient of determination, scatter diagram and significance of regression model are explained in the solution.

Solution Preview

Answer
decrease by 40 units

Explanation
From the slope ...

Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

View More Free Quizzes
Related BrainMass Solutions

  • AIU Regression Analysis

    AIU Regression Analysis

  • Regression Analysis in Business Research

    111075 Regression Analysis Identify a business research issue, problem, or opportunity facing a Learning Team member's organization that can be examined using regression analysis.

  • Box-Jenkins vs regression analysis

    Regression Analysis I will be discussing with classmates the Box-Jenkins identification process and am looking for some direction/key points for the following question: What is the main difference between using Box-Jenkins ARIMA and regression analysis

  • Regression analysis and simple linear regression

    The following results were obtained as part of a simple linear regression analysis. MSE = 25.485.

  • Making a Simple Regression Into a Multiple Regression

    212295 Simple analysis - You may add any second variable You may add any second variable.Please find attached a simple regression analysis, and make it a multiple regression analysis example(i.e., with two independent variables).

  • Regression analysis using BENEFITS column

    232915 Regression analysis using BENEFITS column Using Excel as your processing tool, work through three simple regression analyses. 1.First run a regression analysis using the BENEFITS column of all data points in the AIU data set as the independent

  • Benefits of regression analysis

    I have provided the first tab Regression using Excel as it is mentioned that run a regression analysis. However, I feel it is not required for doing the analysis. The benefits of regression analysis for intrinsic job satisfaction are analyzed.

  • Using excel to perform hypothesis testings

    TEST #1: Regression Analysis- Benefits & Intrinsic Perform the following Regression Analysis, using a .05 significance level Run a regression analysis using the BENEFITS column of all data points in the AIU data set as the independent variable and

  • Regression Analysis: AIU job satisfaction data

    TEST #1: Regression Analysis- Benefits & Intrinsic Perform the following Regression Analysis, using a .05 significance level ââ?

  • Few questions on regression analysis

    122740 Statistics Questions - Regression Analysis 1) Explain how we test independent against dependent variables in a regression analysis? What's the set up?

View More Related Solutions