Data sets giving least squares estimates

Assignment Help Business Management
Reference no: EM131083785

For each of the four sets of data given below (Anscombe.1973), plot y verses x. The data are given in the file Anscombe. Fit a straight line to each of the data sets giving least squares estimates, ANOVA table, and R squared. Compute the correlation coefficient between y and x for each data set. Comment on your results. Would a linear regression of y on x be appropriate in all cases? Discuss.

Y1

X1

Y2

X2

Y3

X3

Y4

X4

8.04

10

9.14

10

7.46

10

6.58

8

6.95

8

8.14

8

6.77

8

5.76

8

7.58

13

8.74

13

12.74

13

7.71

8

8.81

9

8.77

9

7.11

9

8.84

8

8.33

11

9.26

11

7.81

11

8.47

8

9.96

14

8.1

14

8.84

14

7.04

8

7.24

6

6.13

6

6.08

6

5.25

8

4.26

4

3.1

4

5.39

4

12.5

19

10.84

12

9.13

12

8.15

12

5.56

8

4.82

7

7.26

7

6.42

7

7.91

8

5.68

5

4.74

5

5.73

5

6.89

8

  • Fit a straight line (regression line) to each of the data sets giving least squares estimates, ANOVA table, and R squared. Interpret the regression line.
  • Compute the correlation coefficient between y and x for each data set. Comment on your results
  • Display the scatter plot between y and x for each data set.
  • Would a linear regression of y on x be appropriate in all cases? Discuss.

Reference no: EM131083785

Questions Cloud

Fit a multiple regression equation : Draw a scatter plot. Fit a multiple regression equation. Calculate the predicted average systolic blood pressure of a baby with birth weight 8 128 oz measured at 3 days of life.
What were economic implications of gold rush in california : What were the economic implications of the Gold Rush in California? (i.e. What happened to the prices of food, housing, etc.). Why was there such a desire to move out west? What kind of people chose to do this?
Use y to form a linear estimate of x1 : X is a 3-dimensional random vector with E[X] = 0 and autocorrelation matrix RX with elements
What is the weight percentage manganese in a sample : What is the weight percentage manganese in a sample that had a Mn-to-Ba count ratio of 0.735?
Data sets giving least squares estimates : For each of the four sets of data given below (Anscombe.1973), plot y verses x. The data are given in the file Anscombe. Fit a straight line to each of the data sets giving least squares estimates, ANOVA table, and R squared.
Evaluate jobs using system you just created : Your next step is to evaluate jobs using system you just created. The expectation is that you will complete evaluations for the 14 jobs as part of the simulation.
Find the mmse estimator of q : For a certain coin, Q, is a uniform (0, 1) random variable. Given Q = q, each flip is heads with probability q, independent of any other flip. Suppose this coin is flipped n times. Let K denote the number of heads in n flips.
What do you think mr. harari does with the raw diamond : If Christian wants a better life for Sophie, why does he sell her to Mama? Does he really care for her? Support your answer with specific examples from the script. Why did Mama want to finance Sophie's medical procedure and new life?
Perfectly competitive markets yield highest social welfare : why does the marginal product curve have peak then begin to decline? Explain how a firm can find their profit-maximizing quantity of output? Explain the impact of new production technology on average total cost. Explain the envelop theorem. Describe ..

Reviews

Write a Review

Business Management Questions & Answers

  Explain why were the structural changes important

Explain why were the structural changes important to the success of the communication changes? Explain why do you think Ernstrom believes that the industry s customers are happier than ever before? Illustrate what role do you think communication p..

  Define measurement. discuss the numerical outcomes of measur

Define measurement. Discuss the numerical outcomes of measurement, including types of data. What do staffing professionals need to know about measurements? Be certain to discuss any ethical or legal obligations.

  Count core measures and patient satisfaction

Hospitals are being held financially responsible for particular heart attacks, heart failures, readmissions, and pneumonia that occur within 30 days of the index admission. This does not count core measures and patient satisfaction.

  Benefits of evaluating and monitoring staff members

Describe the different ways you might gather information about a staff member's workplace performance and what are the benefits of evaluating and monitoring staff members on a continuous basis?

  What is southwest airlines doing to maintain the advantage

What is Southwest Airlines doing to maintain a competitive advantage? Who are their stakeholders and what are they doing to satisfy them? Why would someone be willing to work for Southwest at a lower pay than the market average?

  Why do company should be concerned with corporate culture

Discuss the challenges faced by a Stage IV organization in consolidation when creating and implementing a system to manage corporate culture. Why do you think a company should be concerned with the corporate culture?

  Suggestions to avoid forecasting errorsyou have received a

suggestions to avoid forecasting errorsyou have received a call from the manager of a firm where you helped set up a

  Prepare a report for the mayor and city council

Prepare a report for the mayor and city council on your proposed expenditure plan assessing the key course objectives including fund accounting and financial controls,

  Motivated the investment bankers

What motivated the investment bankers to get involved in the subprime market? Did they behave appropriately? Why or why not?

  Explain customer relationship management

Research the following areas related to customer relationship management CRM: -Analytical CRM

  Fundamental of organization desgindiscuss whether best buy

fundamental of organization desgindiscuss whether best buy business program current organizational design is effective

  Perspective of an international management

Perspective of an international management - what is the perspective of an international management consultant called in to advise a major organization

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!

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