+1-415-670-9189
info@expertsmind.com
Determining the unusual points
Course:- Accounting Basics
Reference No.:- EM131008337




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Accounting Basics

Unusual points

Each of the four scatterplots a-d that follow shows a cluster of points and one "stray" point. For each, answer questions 1-4:

1) In what way is the point unusual? Does it have high leverage, a large residual, or both?

2) Do you think that point is an influential point?

a) Interpret the slope and intercept of the regression model.

b) What does the value of R2 say about how successful the model is?

c) Interpret se in this context.

d) Compute the Durbin-Watson statistic and comment.

e) Would you use this model to predict the numbers of passengers in 2010 (YearsSince1990 = 20)? Explain.

f) There's a point near the middle of this time span with a large negative residual. Can you explain this outlier?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
The annual salaries paid each of the officers of Perez, Inc., follow. The officers are paid semimonthly on the 15th and the last day of the month. Compute the FICA taxes to be
Madison Company's variable costs are 25% of sales. Its selling price is $150 per unit. If Weed sells one unit more than break-even units, how much will profit increase?
Do you believe the legislation enhances the power and prestige of the audit profession, or alternatively, does it decrease both the power and prestige of the profession? Exp
The standard deviation measure of risk implicitly gives equal weight to variations on both sides of the expected value. Can you see any potential limitations of this treatme
There is no provision for the renewal of the lease or purchase of the machine by the lessee at the expiration of the lease term. Hooke paid n$ 30000 of commissions associate
As an office manager, you are reviewing the budget every month to determine what your costs are. When reviewing the budget, you see that your payroll is over-budget the last
Orchard Company completed its first year of operations on December 31, 2012. Its initial income statement showed that Orchard had revenues of $198,000 and operating expenses o
Edmondson Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $50.00 per unit. The fixed expense is $205,