User Account

All Pages

Business research in order to forecast and predict purposes

Assignment Help Business Management
Reference no: EM13312183

Multiple regression analysis is widely used in business research in order to forecast and predict purposes. It is also used to determine what independent variables have an influence on dependent variables, such as sales.

Sales can be attributed to quality, customer service, and location. In multiple regression analysis, we can determine which independent variable contributes the most to sales; it could be quality or customer service or location.

 

Now, consider the following scenario. You have been assigned the task of creating a multiple regression equation of at least three variables that explains Microsoft s annual sales.

Use a time series of data of at least 10 years. You can search for this data using the Internet.

Before running the regression analysis , predict what sign each variable will be and explain why you made that prediction.

Run three simple linear regressions by considering one independent variable at a time

After running each of the three linear regressions, interpret the regression.

Does the regression fit the data well?

Run a multiple regression using all three independent variables.

Interpret the multiple regression. Does the regression fit the data well?

Does each predictor play a significant role in explaining the significance of the regression?

Are some predictors not useful?

If so, did you consider removing those and rerunning the regression?

Are the predictors related too significantly to one another? What is the coefficient of correlation r Do you think this r value suggests a strong correlation among the predictors ( the independent variables?

Submit your answers in a two- to three-page Word document.

On a separate page, cite all sources using the APA guidelines with in-text citations and no wiki websites.

Assignment 2 Grading Criteria Maximum Points

Analyzed and predicted what sign each variable will be before running the regression, and explained why they made that prediction. 10

Interpreted the simple linear and multiple regression after running the regression. 10

Analyzed and explained if the regression fits the data well. 5

Analyzed and explained if each predictor plays a significant role in explaining the significance of the multiple regression.5

Analyzed and explained if some predictors are not useful. 5

Considered removing the predictors that are not useful and rerunning the regression. 5

Analyzed and explained if the predictors are related too significantly to one another (correlation). 5

Used correct spelling, grammar, and professional vocabulary. Cited all sources using the APA guidelines. 5

Reference no: EM13312183

Questions Cloud

Recursive double function : each of these returns the list consisting of each element of list y in a list has been replaced by two copies of the elements and
How much calcium bicarbonate will need to be added : How much calcium bicarbonate (kg/day) will need to be added per day in water with alkalinity of 30 mg/L CaCO3 (assume for simplicity only bicarbonate alkalinity is present) if 794 kg of (Al2(SO4)3 x 18H20 is added per week
What is the car doing at that instant : A car is moving in a circular path. At a certain instant, it has zero tangential acceleration and a non-zero centripetal acceleration
Explain how to estimate the flow rate of water : the pressure drop over 15 m of 2-cm diameter galvanized iron pipe is measured to be 60 Pa. If the pipe is horizontal, estimate the flow rate of water. use for water v=10^-6 m^2/s and density of water = 1000kg/m^3
Business research in order to forecast and predict purposes : Multiple regression analysis is widely used in business research in order to forecast and predict purposes. It is also used to determine what independent variables have an influence on dependent variables, such as sales.
Find what is the present worth of the three payments : payments of $1000 are to be made at the end of each year for the next 3 years. What is the present worth of the three payments if interest is 12% compounded monthly
Estimate the force on a baseball : Estimate the force on a 145-gram baseball if it hits the bat at 50 miles per hour and stays in contact with the bat for 0.1 second
Describes three different types of leadership theories : The Management text book describes three different types of leadership theories: early, contingency, and contemporary.
Estimate to perform a particular construction activity : Estimate to perform a particular construction activity is the same as the actual cost to do the work

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd