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Regression
Regression
Regression
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.981 - performance (98% accepted)
R Square 0.962
Adjusted R Square 0.943
Standard Error 310.524
Observations 7
ANOVA
df SS MS
Regression 2 9694299.568 4847149.784
Residual 4 385700.432 96425.108
Total 6 10080000.000
RESIDUAL OUTPUT
Residuals
300.000
200.000
100.000
Residuals
300.000
200.000
100.000
0.000
0 1 2 3 4 5 6 7 8
-100.000
-200.000
-300.000
-400.000
-500.000
-600.000
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.980681431 - performance @ 98% - which is accepted
R Square 0.961736068
Adjusted R Square 0.942604102
Standard Error 310.5239249
Observations 7
ANOVA
df SS MS
Regression 2 9694299.5682 4847149.78412488
Residual 4 385700.43175 96425.1079375621
Total 6 10080000
RESIDUAL OUTPUT
Formula: y=bx + a or y = a + bx
For this data, 2 independent variables
Formula: y = b1x1 + b2x2 + a
Qty Sold = Price * (-835.7224)+Advertising*(0.5922285)+8536.2139
F Significance F
50.269 0.001 - model is accepted
Residuals
0 400
-200 1.5 2200 2.5 3 3.5 4
Residuals
-400 0
-600 -200 0 500 1000 1500
-400 Price
F Significance F Interpretation -600
50.26854403 0.0014641285 Model is accepted. Advertis