Fin 40230/70230 Business Forecasting Partition Data Purpose: To learn how to partition data using XLMiner .

Prof. Barry Keating

Go to the website for this course and download the file Partition Data Example.xls. Use this file to complete the following tasks. Hand in your work in class. a) Print out the data contained in the Subset Example.xls file.
b)

Partition the data (variables Y, X1, X2, X3, X4, X5, X6) into a training data set and a validation data set using random partitioning with 60% of all of the data in the training data set and 40% in the validation data set. Use the default random seed of 12345. Print out the XLMiner sheet that displays this data partition.

c)

Partition the data (variables Y, X1, X2, X3, X4, X5, X6) into a training data set and a validation data set using the partitioning variable part1. (t stands for a training data set observation while v stands for a validation data set observation. Print out the XLMiner sheet that displays this data partition.

d)

Partition the data (variables Y, X1, X2, X3, X4, X5, X6) into a training data set, a validation data set, and a test data set using random partitioning with 60% of all of the data in the training data set, 20% in the validation data set, and 20% in the test data set. Use the default random seed of 12345. Print out the XLMiner sheet that displays this data partition.

e)

Partition the data (variables Y, X1, X2, X3, X4, X5, X6) into a training data set, a validation data set, and a test data set using the partitioning variable part2. (t stands for a training data set observation, v stands for a validation data set observation, and s stands for a test data set observation). Print out the XLMiner sheet that displays this data partition.