Explore BrainMass

Explore BrainMass

    Regression analysis : R square

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    For each of 10 popular prescription drugs, file XR15042 lists the retail price (in U.S. dollars) for the drug in several different countries, including the United States, Canada, Great Britain, and Australia. Determine and interpret the coefficients of correlation and determination for U.S. prices versus Canadian prices.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:01 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/regression-analysis-square-211091

    Attachments

    Solution Preview

    Please see the attachments for explanation.

    The correlation between X,Y is given by the formula

    Drug US Price :X Canada Price ...

    Solution Summary

    The solution provides step by step method for the calculation of regression model and R square . Formula for the calculation and Interpretations of the results are also included.

    $2.19

    ADVERTISEMENT