Predict small-business mean annual revenue for US metro areas
Not what you're looking for?
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?
Purchase this Solution
Solution Summary
Each part have been answered in details in Excel. The Solution finds the multiple regression equation and the mean annual revenue.
Education
- MSc, Osmania University
- MSc, Indian Institute of Technology - Roorkee (I.I.T.-ROORKEE)
- BSc, Banaras Hindu University
Recent Feedback
- "Very fast turnaround. Excellent communication! Much appreciated!"
- "excellent"
- "excellent"
- "excellent work"
- "Fantastic..great solution and very well explained!!!!"
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.