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    Predict small-business mean annual revenue for US metro areas

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    A small business analyst seeks to determine which variables should be used to predict small-business mean annual revenue for U.S. metropolitan areas. The analyst decides to consider the independent variables age, the mean age (in months) of small businesses in the metropolitan area; and BizAnalyzer, the mean BizAnalyzer score of small businesses in the metropolitan area. (The BizAnalyzer score measures on a scale of 1 to100 the level of risk that the small businesses in the metropolitan area present to potential lenders.) The dependent variable, revenue, is mean annual revenue. Using data collected from a sample of 25 metropolitan areas, the regression results are:

    a) State the multiple regression equation.

    b) Interpret the meaning of the slopes, b1 and b2, in this problem.

    c) What conclusions can you reach concerning mean annual revenue?

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    https://brainmass.com/statistics/regression-model-validation/predict-small-business-mean-annual-revenue-usa-metro-areas-644967

    Solution Summary

    Each part have been answered in details in Excel. The Solution finds the multiple regression equation and the mean annual revenue.

    $2.19

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