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QMM 2nd Assignment 10FN-109
QMM 2nd Assignment 10FN-109
Submitted by:
Table of Contents
Procedures adopted:.............................................................................................. 2
Interpretation of cars.xls........................................................................................ 2
Objective:........................................................................................................... 2
Basic Intuition:.................................................................................................... 2
Basic OLS regression results:.............................................................................. 2
Log-Linear regression:........................................................................................ 2
Statistical Interpretation of Log-Linear Model:....................................................2
Interpretation of fish.xls......................................................................................... 3
Objective:........................................................................................................... 3
Basic Intuition:.................................................................................................... 3
Basic trend-line fit results:.................................................................................. 3
Trend-line after removing outliers:......................................................................3
Appendix:.............................................................................................................. 3
Procedures adopted:
Software used for performing the analysis: Analysis ToolPak add-in with Microsoft
Excel.
Missing records
treatment.
are
removed
before
proceeding
with
the
econometrics
All the statistical results are interpreted at a 95% confidence level consideration.
Note: I have already submitted a written copy of this assignment to Arindham Sir
on the 10th session, so only mentioning an additional analysis to that papers
information.
Interpretation of cars.xls
Objective: To estimate a model that explains the Mpg as a function of VOL,
HP, Wt variables.
Basic Intuition: Mileage should go down as the horsepower & weight of the
Car increases as it will fuel consumption rate will be faster for such cars
compared to other cars having lower weight/horse power.
For every 1%
stand alone change in VOL, HP & Wt variables, the Mpg of a car will change by
+0.21%, -0.41%, and -0.52% respectively.
Interpretation of fish.xls
Objective: To explain the relationship between prices of fish in 2009 & 2008
Basic Intuition: On glancing through the data, it gave an impression that
prices for all kinds of fishes have shown an increasing trend in 2009, compared
to 2008.
Appendix:
The corresponding data, analysis is mentioned in the attached excel files.
Fish.xls
Cars.xls