AMR ASSIGNMENT 1

INTERPRETATON OF RIDER DATA

Submitted : Karthic CM

Roll no : 133078 | IMG 13 | AMR 1

Date of Submission : 30th August 2020

 INTERPRETATON OF RIDER DATA

From the data given, we have

Dependent Variable : Number of weekly riders

Independent Variable : Listed below,

1) Price per week

2) Population of city
3) Monthly income of riders
4) Average parking rates per month

Interpretation of SPSS Results

Linear regression on the data :

Descriptive Statistics

Mean Std. Deviation N

Number of weekly riders 160026.07 21301.097 27

Price per week 49.93 27.628 27

Population of city 1680111.11 67803.071 27

Monthly income of riders 11063.26 3416.628 27

Average parking rates per
107.04 45.346 27
month

Model Summary

Change Statistics

Adjusted R Std. Error of the R Square

Model R R Square Square Estimate Change F Change df1

1 .972a .945 .936 5406.370 .945 95.403 4

Model Summary continued

Change Statistics

Model df2 Sig. F Change

1 22 .000
 The R square value (the proportion of variance caused in the dependent
variable which can be predicted from the independent variables) from the
above SPSS analysis is 0.945, which indicates that the 94.5% of the variance in
number of weekly riders can be predicted from the variables – price per week,
population of the city, monthly income of riders and the average parking rates
per month.

R value of 0.972 is the square root of R-Squared and is the correlation between
the observed and predicted values of dependent variable

The model has a goodness of fit (Adjusted R Square) value of .936, showing that
the model covers 93.6% of factors affecting the dependent variable.

The adjusted R-squared is a modified version of R-squared that has been

adjusted for the number of predictors in the model. The adjusted R-squared
increases only if the new term improves the model more than would be
expected by chance.

Coefficientsa

Standardized
Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) 100222.561 135917.874 .737 .469

Price per week -689.523 95.403 -.894 -7.227 .000

Population of city .055 .072 .175 .759 .456

Monthly income of riders -1.301 1.627 -.209 -.800 .432

Average parking rates per 152.456 73.863 .325 2.064 .051

month

B indicates the values for the regression equation for predicting the dependent
variable from the independent variable. These are called unstandardized
coefficients because they are measured in their natural units.

These coefficients are used in generating the regression equation.

Here,

Number of Riders Predicted = 100222.561 + -689.523 * Price per week + 0.55 *

Population of city + -1.301 * Monthly income of riders + 154.456 * Average
parking rates per month

On analysing the significance of each independent variable upon the dependent

variable, the individual significant values show that only Price per week has a
significant value below the confidence interval alpha (0.05)

Standardized Coefficient value and Confidence Interval limits shows that the

Number of Riders has a negative relationship with Price per week and Monthly
income of riders.

So, for every unit increase in Price per week, a 689.523 unit decrease in Number
of Riders is predicted and similarly for a unit increase in Monthly income of
riders a 1.301 unit decrease in Number of Riders, holding all other variables
constant

Also the Number of Riders has a positive relationship with Population of the city
and Average parking rates per month
 Pearson Correlation values

Correlations

Number of Price Monthly Average

weekly per Population income of parking rates
riders week of city riders per month
Pearson
1 -.966** .898** -.873** -.793**
Correlation
Number of
Sig. (2-tailed) .000 .000 .000 .000
weekly riders
N 27 27 27 27 27

Pearson
-.966** 1 -.915** .897** .849**
Correlation
Price per week
Sig. (2-tailed) .000 .000 .000 .000
N 27 27 27 27 27
Pearson
.898** -.915** 1 -.971** -.919**
Correlation
Population of
city Sig. (2-tailed) .000 .000 .000 .000

N 27 27 27 27 27

Pearson
-.873** .897** -.971** 1 .949**
Monthly Correlation
income of Sig. (2-tailed) .000 .000 .000 .000
riders
N 27 27 27 27 27

Pearson
-.793** .849** -.919** .949** 1
Correlation
Average
parking rates Sig. (2-tailed) .000 .000 .000 .000
per month
N 27 27 27 27 27

** Correlation is significant at the 0.01 level (2-tailed)

● As can be seen, all the variables have a significant impact ranging from -0.793
to -0.966 (max range of Pearson Correlation 2-tailed test is -1 to +1)
● It can also be seen from the above that except for Population of city, all
variables have a negative relationship with Number of weekly riders
Charts

 Plot of Price per week Vs Number of weekly riders : Negative Relation

 Plot of Population of City Vs Number of weekly riders : Positive

Relation

 Plot of Monthly income of riders Vs Number of weekly riders :

 Plot of Population of City Vs Number of weekly riders

Choosing the best fit model

Descriptive Statistics
Mean Std. Deviation N

Number of weekly riders 160026.07 21301.097 27

Price per week 49.93 27.628 27

Model Summaryb

Mode R Adjusted R Std. Error of

l R Square Square the Estimate
1 .966a .933 .930 5620.114

a. Predictors : (Constant), Price per week

b. Dependent Variable : Number of weekly riders
 Standardized
Unstandardized Coefficients Coefficients
Model B Std. Error Beta t Sig.
1
(Constant) 197208.341 2266.481 87.011 .000

Price per week -744.749 39.894 -.966 -18.668 .000

Using only significant independent variables (Price per week), we obtain a

model with goodness of fit (R Square) at 93.3%

Hence this serves as a best fit model to be used in practice.