1. An auto manufacturing company wanted to investigate how the price of one of its car models depreciates with age. The research department at the company took a sample of eight cars of this model and collected the following information on the ages (in years) and prices (in hundreds of dollars) of these cars. Age (x) 8 3 6 9
Find auto-regressive parameters and their significance with multiple choice answers. When fitting a third-order autoregressive model to the DJIA, what is A3? When testing for the significance of the third-order autoregressive parameter with  = 0.05, can A3 be deleted? When applied an exponential trend model to this data, provide the annual forecast of the DJIA for 2006?
See attached data as an excel spread sheet. INFORMATION 14 The data in DJIA.XLS (CD-> browse->Excel_Data_Files) represent the closing value of the Dow Jones Industrial Average (DJIA) over the 27-year period 1979 through 2005. See Problem 16.29 (p.675). Using EXCEL or PHStat2, answer the following: 1. When fitting a thir
Regression Analysis: SSR, F-Value for Partial F-Test Criterion, Variance Inflationary Factor (VIF), Confidence Interval
A large consumer product company wants to measure the effectiveness of different types of advertising media in the promotion of its products. Specifically, two types of advertising media are to be considered: radio/TV advertising and newspaper advertising (including the cost of discount coupons). The sales of product (in thousan
See attached files. Attached is the article I chose for the report (PDF File). If the article does not have the information required to complete the ANOVA process, there is an excel file ("Data Set and Data Key") that has data to complete this process (this is referenced in the "project" portion of the message below as the AI
A logistic regression model was used to assess the association between CVD and obesity. P is defined to be the probability that the people have CVD. log(P/(1-P)) = -2 + 0.7(obesity) What is the odds ratio for CVD in persons who are obese as compared to not obese?
Problems 1, 3 1. Use the graph below to describe the total variation about a regression line in words and in symbols. This is the answer from the book, but how? S(yi - y)2; the sum of the squares of the differences between the y-values of each ordered pair and the mean of the y-values of the ordered pairs. 3 Use the
Philip Morris Versus the Market. The table (see Minitab attachment) shows the monthly returns on the common stock of Philip Morris (MO), as the company was then named, and the returns on the Standard & Poor's 500 stock index for the same months. Return is measured in percent. The data are for 83 consecutive months running from
See data file attached. A brokerage house wants to predict the number of trade executions per day, using the number of incoming phone calls as a predictor variable. Data were collected over a period of 35 days and are stored in the file trades.xls. a. Use the least-squares method to compute the regression coefficients b0
A psychologist studying perceived 'quality of life' in a large number of cities (N=150) came up with the following equation using mean temperature (Temp), median income in $1000 (Income), per capita expenditure on social services (SocSer), and population density (Popul) as predictors. Y= 5.37-0.01Temp+ 0.05Income + 0.003SocSe
Select the appropriate statistical test that allows you to conduct an analysis of the factors affecting hospital costs. You will have to select the correct statistical test and conduct that test in Excel. 1. Analyze your data and produce a summary describing the major findings of your analysis. 2. The variables that most
In business, investors are always interested in the tradeoff between returns and risk. Regression analysis is a statistical technique that can be used to quantify this risk. Explain the concept of dependent and independent variables in terms of a business performance indicator e.g. stock price, profits, etc., clearly stating th
The U.S. Navy selected 16 hospitals that it believes to be efficiently run and conducted a regression analysis to evaluate the performance of its hospitals in terms of how many labor hours are used relative to how many labor hours are needed. The variables assigned for this analysis are: y = monthly labor hours required x1
Correlation, Regression Analysis and F-Test for Difference Between Two Standard Deviations (Variances)
1. The owner of Maumee Motors wants to study the relationship between the age of a car ad its selling price. Listed below is a random sample of 12 used cars sold at Maumee Motors during the last year. Car Age (years) Selling Price ($000) Car Age (years) Selling Price ($000) 1 9 8.1 7 8 7.6 2 7 6.0 8 11 8.0 3 11 3.6
The linear trend forecasting equation for an annual time series containing 40 observations (from 1963 to 2002) on real net sales (in billions of constant 1995 dollars) is Y = 1.2 + 0.5X What is the fitted trend value for this time series on real net sales for the tenth year?
Now that warm weather is finally upon us (or at least in some parts of the country), is there a possible relationship between crime rates and ice cream sales? In the world of regression analysis, this is called an indirect relationship. As there is no direct correlation between the 2 variables. However, what if you identifi
I. Convert the Summer Historical Inventory Data into an index II. Use the time series data from the converted index to forecast the inventory data for the next year III. Graph of choice Time Series. A Time series is a sequence of measurements, typically taken at successive points in time. Time series analysis includes
See attachment for problems 1. (a) How does correlation analysis differ from regression analysis? (b) What does a correlation coefficient reveal? (c) State the quick rule for a significant correlation and explain its limitations. (d) What sums are needed to calculate a correlation coefficient?
Month Sales 1 6 2 13 3 24 4 36 Use linear regression to forecast sales for month 5. Prob 1b Use quadratic (y=ax2 + bx + c) to forecast sales for month 5.
See attached data file. The manager of the purchasing department of a large banking organization would like to develop a model to predict the amount of time it takes to process invoices. Data are collected from a sample of 30 days, and the number of invoices processed and completion time, in hours, is stored in the file invoi
What is the purpose of using regression analysis? How may it be used to formulate strategies? Provide examples related to strategy formulation and implemenation. How is regression analysis used in forecasting? Provide examples.
1. Consider the data shown in this table measured in a sample of n=25 undergraduates in an on-campus survey of health behaviors. Enter the data into an excel worksheet for analysis. 2. Estimate the multiple linear regression equation relating number of cups of coffee per week, female gender, and number of hours of exercise pe
The data table below tabulates a Pizza Parlor's advertising expenditures and sales for 8 consecutive quarters. The marketing manager wants to know how much of an impact current advertising will have on sales two quarters from now. When running a regression with the dependent variable "Sales" and the independent variable "A
I have also attached a sample xls file that contains the 5 steps referred to in the word doc. The data is located in the movie.xls file. Develop a regression model for movie demand. Follow the five steps outlined in the sample XLS file. ? Accomplish a correlation table and scatter plots with trend lines of all of the varia
37. A regional commuter airline selected a random sample of 25 flights and found that the correlation between the number of passengers and the total weight, in pounds, of luggage stored in the luggage compartment is 0.94. Using the .05 significance level, can we conclude that there is a positive association between the two variables? 40. A suburban hotel derives its gross income from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied. Use a statistical software package to answer the following questions.
37. A regional commuter airline selected a random sample of 25 flights and found that the correlation between the number of passengers and the total weight, in pounds, of luggage stored in the luggage compartment is 0.94. Using the .05 significance level, can we conclude that there is a positive association between the two va
Q17.26 (pp661). The dean of a law school has developed a regression equation for estimating the starting salary (thousands of dollars) of a new graduate on the basis of two independent variables: x1 = the score on the Law School Admission Test (LSAT) at the time of the application, and x2
Problem 15 in Chapter 16 described a study examining the effectiveness of a 7-Minute Screen test for Alzheimer's disease. The study evaluated the relationship between scores from the 7-Minute Screen and scores for the same patients form a set of cognitive exams that are typically used to test for Alzheimer's disease. For a sampl
In preparation for my final in two weeks, I have this set of study problems. In order to ensure I am working these correctly, I have created problems based of study problems and wish to compare work. Please complete the problems, show solutions in excel if applicable and explain. I really need to understand the concept as the
A woman was interested in the relationship between the pollen count and the severity of her allergy symptoms. She developed a questionnaire that measured the severity of her symptoms with higher scores indicating worse allergy symptoms. She filled out and scored the questionnaire on 14 randomly selected days. She also had a frie
This part of the quote, "The formulation of a problem is far more often essential than its solution, which may be merely a matter of mathematical or experimental skill" illustrates the following which I want you to expand on: 1) Planning and Designing is often the most important step of s research process. The way you design and collect your data is more important than the analysis of the data and subsequent interpretation of the result of the analyses.
This part of the quote, "The formulation of a problem is far more often essential than its solution, which may be merely a matter of mathematical or experimental skill" illustrates the following which I want you to expand on: 1) Planning and Designing is often the most important step of s research process. The way you design
Define autocorrelation in the following terms: a. In which type of regression is it likely to occur? b. What is the negative impact of autocorrelation in a regression? c. Which method is used to determine if it exists? d. If found in a regression, how is autocorrelation eliminated? Define multicollinearity in the followin