Regression Analysis
Not what you're looking for?
The regression analysis in the Excel file relates US annual energy consumption in trillions of BTUs to the independent variable US Gross Domestic Product' (GDP) in trillions of dollars.
How much of the variation in energy consumption can be explained by variation in the gross domestic product?
which one?
A-About 99.99%
B-About 97%
C-About 94%
D-Almost none of the variation in energy consumption can be explained by variation in GDP.
Purchase this Solution
Solution Summary
This solution is comprised of detailed analysis of the given problem and provides students with a clear perspective of the underlying concept.
Solution Preview
C-About 94%
[The coefficient of determination r^2, gives the ...
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.