Regression analysis , Applied Statistics

Assignment Help:

The data used is from a statistical software Minitab; London.MPJ is the file that consists of 1519 households drawn from 1980 - 1982 British Family Expenditure Surveys. Data that is selected is only of households that have one or two children living in Greater London. The self employed and retired households have been excluded.  The subset of data is obtained from a larger study.

The variables from the London.MPJ file:

  • wfood = budget share for food expenditure
  • wfuel = budget share for fuel expenditure
  • wcloth = budget share for clothing expenditure
  • walc = budget share for alcohol expenditure
  • wtrans = budget share for transport expenditure
  • wother = budget share for other good expenditure
  • totexp = total household expenditure (rounded to the nearest 10 UK pounds sterling)
  • income = total net household income (rounded to the nearest 10 UK pounds sterling)
  • age = age of household head
  • nk = number of children

The variables that are used for this regression investigation are the following:

  • wfood as dependent variable (Y)
  • totexp as independent variable (X)
  • income as independent variable (X)
  • age as independent variable (X)
  • nk as independent variable (X)

Related Discussions:- Regression analysis

QHA, Your employer, Quick Hit Agency (QHA), is a debt collections agency. T...

Your employer, Quick Hit Agency (QHA), is a debt collections agency. The company specializes in collecting small accounts. QHA does not deal in large accounts and does not take on

QUARTILE DEVIATION, Examples of grouped, simple and frequency distribution ...

Examples of grouped, simple and frequency distribution data

Standard deviation for grouped data, Grouped data  For ...

Grouped data  For grouped data, the formula applied is  σ = Where f = frequency of the variable, μ= population mea

Uses of arithmetic mean, Uses Arithmetic mean is widely used beca...

Uses Arithmetic mean is widely used because of the following reasons: Mean is the simplest average to understand and easy to compute. It

Active control equivalence studies (aces), Active Control Equivalence Studi...

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

Cluster analysis, Cluster Analysis could be also represented more formally ...

Cluster Analysis could be also represented more formally as optimization procedure, which tries to minimize the Residual Sum of Squares objective function: where μ(ωk) - is a centr

Dominant strategy equilibrium, Consider the following game: (a) If ...

Consider the following game: (a) If (top, left) is a Weakly Dominant Strategy Equilibrium, then what inequalities must hold among (a, ..., h)? (b) If (top, left) is a Na

Correlation, Correlation The correlation is commonly used and a useful...

Correlation The correlation is commonly used and a useful statistic used to describe the degree of the relationships between two or more variables. Pearson's correlation refle

Deviation measures, Deviation Measures The drawback of the range as a m...

Deviation Measures The drawback of the range as a measure of dispersion is that it takes into account the values of only two data points - the largest and the smallest. One

Production took place, Scenario: To fundraise for middle school camp the ye...

Scenario: To fundraise for middle school camp the year 3 and 4 syndicate designed and produced chocolate treats to sell to the year 1 and 2, and year 5 and 6 students at morning te

Write Your Message!

Captcha
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