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  • Regression

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    Jeson Pawaon
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    The document contains data on age, asking price, and results of a linear regression analysis. It found a strong negative correlation between age and asking price, with an R-squared value of 0.97. The regression equation calculated was y = 11618.57 - 625.71x, indicating that for every additional year of age, the asking price decreases by approximately $625.

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    The document contains data on age, asking price, and results of a linear regression analysis. It found a strong negative correlation between age and asking price, with an R-squared value of 0.97. The regression equation calculated was y = 11618.57 - 625.71x, indicating that for every additional year of age, the asking price decreases by approximately $625.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Regression

    Uploaded by

    Jeson Pawaon
    The document contains data on age, asking price, and results of a linear regression analysis. It found a strong negative correlation between age and asking price, with an R-squared value of 0.97. The regression equation calculated was y = 11618.57 - 625.71x, indicating that for every additional year of age, the asking price decreases by approximately $625.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Age(X) Asking Price(Y) X2 XY

    2 10950 4 21900
    3 9400 9 28200
    5 8990 25 44950
    8 5800 64 46400
    9 5850 81 52650
    12 3800 144 45600
    17 1500 289 25500
    ΣX ΣY ΣX2 ΣXY
    56 46290 616 265200

    (ΣX)2 3136

    Result

    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.9869505261
    R Square 0.974071341
    Adjusted R 0.9688856093
    Standard E 591.75284416
    Observatio 7

    ANOVA
    df SS
    Regression 1 65775085.7142857
    Residual 5 1750857.14285714
    Total 6 67525942.8571429

    Coefficients Standard Error


    Intercept 11618.571429 428.279265493557
    Age(X) -625.7142857 45.6547231017405
    a 11618.57
    b -625.71

    y= 11618.57 - 625.71x

    MS F Significance F
    65775085.7142857 187.8368146214 3.710167E-05
    350171.428571428

    t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
    27.1284938699565 1.27313232E-06 10517.644528 12719.498329 10517.644528 12719.4983290288
    -13.7053571504507 3.71016739E-05 -743.0734876 -508.3550838 -743.0734876 -508.35508379795

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