Price-Sales Data

Price Demand
$50.00 19964.09
$60.00 19706.85
$70.00 20240.83
$80.00 19698.81
$90.00 20095.81
Demand
$100.00 19390.99
20500
$110.00 19430.07
$120.00 19273.69 20000
R² ==0.833044015390241
f(x) − 9.51162294479231 x + 20512.1273366493
$130.00 18716.38
19500
$140.00 18925.36
19000
$150.00 19484.78
$160.00 18934.88 18500
$170.00 18915.77
18000
$180.00 18893.37
17500
$190.00 18961.62
$200.00 18443.29 17000
$210.00 18811.98 16500
$220.00 18561.92 $0.00 $50.00 $100.00 $150.00 $200.00 $250.00 $300.00
$230.00 18158.62
$240.00 18412.56
$250.00 17771.39
Crude Oil Prices
Prices shown are dollars per barrel on the first Friday of the month

Date Price
2006-Jan $55.12
  2006-Feb $59.84
$140.00 Price
  2006-Mar $55.98
  2006-Apr $61.27
  2006-May $66.94
  2006-Jun $64.67 140 $120.00
  2006-Jul $67.74 f(x)==0.928214612275732
R² 0.00520062430634362 x³ − 0.11106
R² = 0.928214612275732
  2006-Aug $69.79
  2006-Sep $64.49
  2006-Oct $54.92 120
$100.00
  2006-Nov $53.32
  2006-Dec $56.13
2007-Jan $54.63
100
  2007-Feb $52.11
  2007-Mar $57.83 $80.00
  2007-Apr $64.93
  2007-May $63.40 80
  2007-Jun $65.37
  2007-Jul $69.91
$60.00
  2007-Aug $73.81
60
  2007-Sep $71.42
  2007-Oct $75.57
  2007-Nov $86.02
  2007-Dec $85.91 40 $40.00
  2008-Jan $92.93
  2008-Feb $88.71
  2008-Mar $98.01
  2008-Apr $98.39 20
$20.00
  2008-May $110.21
  2008-Jun $121.36
0
n b ar pr ay n ul g p ct v c n b ar pr
6-Ja 6-F e -M 6-A -M 6-Ju 6-J - Au -S e 6-O -No -De 7-Ja -Fe -M 7-A
0 6 6 0 0 6 6 6 6 7 7
0 0 0
20   20  200   20  200   20   2  20$0.00
0 00 00 00 00 00 00 00 00 00
        2 an   2 eb   2ar  p 2r ay 2 un   2 Jul   2ug e  p2 c t 2
-J -F M -A M -J 6- -A -S -O -
06 06 6- 06 6- 06 00 06 06 06 06
20   20  200   20  200   20   2  20   20   20  20  
       
 Price
Price

x)==0.928214612275732
0.00520062430634362 x³ − 0.111069505773343 x² + 0.648322627305057 x + 59.497238825032
= 0.928214612275732

ct ov ec an eb Mar Apr ay un ul ug ep ct ov ec an eb Mar Apr ay un

6-O 6-N 6-D 7-J 7-F - 7 - - M 7-J 07-J 7-A 7-S 7-O 7-N 7-D 8-J 8-F - 8 - - M 8-J
7 7 8 8
0 00 00 200 00 00 00 00 20
0
 2
0 00 00 00 00 00 200 00 00 00 00 20
0
b   2ar  p 2r ay un   2 Jul   2ug e  p2 c t 2 ov    ec  an  e 2b ar  2 pr   2 ay   2un J u 2l ug   ep   2 ct   2ov e  c2 an  2 eb    ar pr ay un
-M 6-A -M 6-J 6- -A -S 6-O -N -D 7-J -F -M 7-A -M 7-J 7- -A -S 7-O -N -D 8-J -F -M 8-A -M 8-J
06 00 006 200  200 006 006 00 006 006 200 007 007 00 007 200  200 007 007 00 007 007 200 008 008 00 008 200
   2     2           2     2     2    2     2     2     2    2     2           2     2     2     2     2         2    2     2     2    
Home Market Value

House AgeSquare FeeMarket Value

33 1,812 $90,000.00
32 1,914 $104,400.00
32 1,842 $93,300.00 SUMMARY OUTPUT
33 1,812 $91,000.00
32 1,836 $101,900.00 Regression Statistics
33 2,028 $108,500.00 Multiple R 0.73125522335
32 1,732 $87,600.00 R Square 0.53473420167
33 1,850 $96,000.00 Adjusted R Square 0.52310255672
32 1,791 $89,200.00 Standard Error 7287.72271183
33 1,666 $88,400.00 Observations 42
32 1,852 $100,800.00
32 1,620 $96,700.00 ANOVA
32 1,692 $87,500.00 df
32 2,372 $114,000.00 Regression 1
32 2,372 $113,200.00 Residual 40
33 1,666 $87,500.00 Total 41
32 2,123 $116,100.00
32 1,620 $94,700.00 Coefficients
32 1,731 $86,400.00 Intercept 32673.2198972
32 1,666 $87,100.00 Square Feet 35.0363725835
28 1,520 $83,400.00 1)Null hypothesis is intercept is not significant ,and alternative hypthesis
27 1,484 $79,800.00 2)1)Null hypothesis is square feet is not significant ,and alternative hypth
28 1,588 $81,500.00 below 0.05 reject null
28 1,598 $87,100.00 RESIDUAL OUTPUT
28 1,484 $82,600.00
28 1,484 $78,800.00 Observation Predicted Market Value
28 1,520 $87,600.00 1 96159.1270185
27 1,701 $94,200.00 2 99732.837022
28 1,484 $82,000.00 3 97210.218196
28 1,468 $88,100.00 4 96159.1270185
28 1,520 $88,100.00 5 96999.9999605
27 1,520 $88,600.00 6 103726.983497
27 1,484 $76,600.00 7 93356.2172118
28 1,520 $84,400.00 8 97490.5091767
27 1,668 $90,900.00 9 95423.3631942
28 1,588 $81,000.00 10 91043.8166213
28 1,784 $91,300.00 11 97560.5819218
27 1,484 $81,300.00 12 89432.1434825
27 1,520 $100,700.00 13 91954.7623085
28 1,520 $87,200.00 14 115779.495665
27 1,684 $96,700.00 15 115779.495665
27 1,581 $120,700.00 16 91043.8166213
17 107055.438892
18 89432.1434825
19 93321.1808392
20 91043.8166213
21 85928.5062241
22 84667.1968111
23 88310.9795598
24 88661.3432856
25 84667.1968111
26 84667.1968111
27 85928.5062241
28 92270.0896617
29 84667.1968111
30 84106.6148498
31 85928.5062241
32 85928.5062241
33 84667.1968111
34 85928.5062241
35 91113.8893665
36 88310.9795598
37 95178.1085862
38 84667.1968111
39 85928.5062241
40 85928.5062241
41 91674.4713278
42 88065.7249517
 constant

52.31% variation in. market value is explaind by squarefeet

SS MS F Significance F
2441633668.92218 2441633668.92218 45.9723627740531 3.79801750880147E-08
2124436092.98258 53110902.3245645
4566069761.90476

Standard Error t Stat P-value Lower 95%

8831.95074474609 3.69943411614694 14823.1815986396
5.1673838495416 6.78029223367644 24.5927002528974
is not significant ,and alternative hypthesis is intercept is significant.
eet is not significant ,and alternative hypthesis is squarefeet is significant. for intercept p valueis 0.0006496<0.05 we rejevt null hypot
w 0.05 reject null
PROBABILITY OUTPUT

Residuals Standard Residuals Percentile

-6159.12701849436 -0.855636402947751 1.19047619047619
4667.16297799148 0.648370220401098 3.57142857142857
-3910.21819599852 -0.543214163617444 5.95238095238095
-5159.12701849436 -0.716714701807559 8.33333333333333
4900.00003950231 0.680716341074665 10.7142857142857
4773.01650347569 0.663075572233051 13.0952380952381
-5756.21721181661 -0.799663487198012 15.4761904761905
-1490.5091766663 -0.207064070387548 17.8571428571429
-6223.36319424145 -0.864560201757277 20.2380952380952
-2643.81662130744 -0.367283502534743 22.6190476190476
3239.41807816675 0.450025470123215 25
7267.85651753226 1.00966299105841 27.3809523809524
-4454.76230847772 -0.61886315806893 29.7619047619048
-1779.4956652387 -0.247210564986557 32.1428571428571
-2579.4956652387 -0.35834792589871 34.5238095238095
-3543.81662130744 -0.492313033560915 36.9047619047619
9044.56110804583 1.25648581519614 39.2857142857143
5267.85651753226 0.731819588778025 41.6666666666667
-6921.18083923313 -0.961502216085163 44.047619047619
-3943.81662130744 -0.547881714016992 46.4285714285714
-2528.50622412053 -0.351264385998386 48.8095238095238
-4867.19681111554 -0.676159260784286 51.1904761904762
-6810.97955979663 -0.946192866878019 53.5714285714286
-1561.34328563136 -0.216904465303724 55.952380952381
-2067.19681111554 -0.28717849759175 58.3333333333333
-5867.19681111554 -0.815080961924477 60.7142857142857
1671.49377587947 0.232206758790418 63.0952380952381
1929.91033827103 0.268106427240654 65.4761904761905
-2667.19681111554 -0.370531518275865 67.8571428571429
3993.38515022001 0.554767858376543 70.2380952380952
2171.49377587947 0.301667609360513 72.6190476190476
2671.49377587947 0.371128459930609 75
-8067.19681111554 -1.1207087044329 77.3809523809524
-1528.50622412053 -0.212342684858195 79.7619047619048
-213.889366474381 -0.029713874646419 82.1428571428571
-7310.97955979663 -1.01565371744812 84.5238095238095
-3878.10858615715 -0.538753441995333 86.9047619047619
-3367.19681111554 -0.467776709073999 89.2857142857143
14771.4937758795 2.05208104372692 91.6666666666667
1271.49377587947 0.176638078334341 94.0476190476191
5025.52867219006 0.698154992269451 96.4285714285714
32634.2750482877 4.53360900518502 98.8095238095238
 Squ
40000

30000

20000

Residuals
10000

0
1,400
-10000

-20000

Null hypothesis is model is not fit,Aternative hypothesis is model is fit

since significance F value is 0.0000000378(decimal 8 places lerft) < 0.5 we reject null h
so,model is fit.

Upper 95% Lower 95.0% Upper 95.0%

50523.2581958465 14823.1816 50523.258196
45.4800449140467 24.59270025 45.480044914

valueis 0.0006496<0.05 we rejevt null hypothesis so intercept is significiant.similarlly p value for square 0.00000003798<0.5 so we reject n

Market Value
76600
78800
79800
81000
81300
81500
82000
82600
83400
84400
86400
87100
87100
87200
87500
 87500
87600
87600
88100
88100
88400
88600
89200
90000
90900
91000
91300
93300
94200
94700
96000
96700
96700
100700
100800
101900
104400
108500
113200
114000
116100
120700
 Square Feet Residual Plot
40000

30000

20000
Residuals

10000

0
Normal Probability Plot
1,400 1,600 1,800 2,000 2,200 2,400 2,600
-10000

-20000
Square Feet

140000
and accept alternative hypothesis.
120000
100000

Market Value
80000
60000
40000
20000
0
0003798<0.5 so we reject null hypothesis (2) so square feet is significant in determination of market
0 value.
20 40 60 80
Sample Percentile

Market Value
$140,000.00

$120,000.00

$100,000.00

$80,000.00

$60,000.00

$40,000.00
 $80,000.00

$60,000.00

$40,000.00

$20,000.00

$0.00
1,300 1,500 1,700 1,900 2,100 2,300

y=mx+c
market value is equal to
y=35.03*squarefeet+32673.21
Probability Plot

40 60 80 100 120
Sample Percentile
2,100 2,300 2,500
Square Feet Market Value
1,812 $90,000.00
1,914 $104,400.00
1,842 $93,300.00
1,812 $91,000.00
1,836 $101,900.00
2,028 $108,500.00
1,732 $87,600.00
1,850 $96,000.00
1,791 $89,200.00
1,666 $88,400.00
1,852 $100,800.00
1,620 $96,700.00
1,692 $87,500.00
2,372 $114,000.00
2,372 $113,200.00
1,666 $87,500.00
2,123 $116,100.00
1,620 $94,700.00
1,731 $86,400.00
1,666 $87,100.00
1,520 $83,400.00
1,484 $79,800.00
1,588 $81,500.00
1,598 $87,100.00
1,484 $82,600.00
1,484 $78,800.00
1,520 $87,600.00
1,701 $94,200.00
1,484 $82,000.00
1,468 $88,100.00
1,520 $88,100.00
1,520 $88,600.00
1,484 $76,600.00
1,520 $84,400.00
1,668 $90,900.00
1,588 $81,000.00
1,784 $91,300.00
1,484 $81,300.00

1,520 $87,200.00
1,684 $96,700.00
best fit nerest to 1

as you remove your outlier your r sqaure value will increase

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.856234464
R Square 0.733137458
Adjusted R Sq0.726114759
Standard Erro5114.242042
Observations 40
ANOVA
df SS
Regression 1 2730511077
Residual 38 993907923
Total 39 3724419000

Coefficients Standard Error

Intercept 28170.42035 6241.510568
1812 37.30213524 3.650841671

RESIDUAL OUTPUT

ObservationPredicted 90000 Residuals

1 99566.70719 4833.29281
2 96880.95345 -3580.95345
3 95761.8894 -4761.8894
4 96657.14064 5242.859359
5 103819.1506 4680.849394
6 92777.71858 -5177.71858
7 97179.37053 -1179.37053
8 94978.54456 -5778.54456
9 90315.77765 -1915.77765
10 97253.9748 3546.025195
11 88599.87943 8100.12057
12 91285.63317 -3785.63317
13 116651.0851 -2651.08513
14 116651.0851 -3451.08513
15 90315.77765 -2815.77765
16 107362.8535 8737.146546
17 88599.87943 6100.12057
18 92740.41644 -6340.41644
19 90315.77765 -3215.77765
20 84869.66591 -1469.66591
21 83526.78904 -3726.78904
22 87406.2111 -5906.2111
23 87779.23246 -679.232455
24 83526.78904 -926.789038
25 83526.78904 -4726.78904
26 84869.66591 2730.334093
27 91621.35238 2578.647616
28 83526.78904 -1526.78904
29 82929.95487 5170.045125
30 84869.66591 3230.334093
31 84869.66591 3730.334093
32 83526.78904 -6926.78904
33 84869.66591 -469.665907
34 90390.38192 509.6180784
35 87406.2111 -6406.2111
36 94717.42961 -3417.42961
37 83526.78904 -2226.78904
38 84869.66591 15830.33409
39 84869.66591 2330.334093
40 90987.21609 5712.783915
alue will increase

10000
5000
Residuals

0
1,400
-5000
-10000
 MS F Significance F
2730511076.93081 104.395405766523 1.87151E-12
26155471.6597156

t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
4.51339784517436 5.9920166815972E-05 15535.14278 40805.6979 15535.1428 40805.6979
10.2174069981832 1.8715131879282E-12 29.91139266 44.6928778 29.9113927 44.6928778

PROBABILITY OUTPUT

Standard Residuals Percentile 90000

0.957419643136895 1.25 76600
-0.709345638895754 3.75 78800
-0.943275448941566 6.25 79800
1.03855005959323 8.75 81000
0.927222357877046 11.25 81300
-1.02564642083397 13.75 81500
-0.2336197206496 16.25 82000
-1.14466312783839 18.75 82600
-0.37949348963242 21.25 83400
0.702426753344041 23.75 84400
1.60454059980853 26.25 86400
-0.749890333182267 28.75 87100
-0.525149432493682 31.25 87100
-0.683620219292635 33.75 87200
-0.557773124781243 36.25 87500
1.73072810946337 38.75 87500
1.20836363281115 41.25 87600
-1.25596347763236 43.75 87600
-0.63700851818072 46.25 88100
-0.291123890720138 48.75 88100
-0.738233988914013 51.25 88400
-1.16995240057033 53.75 88600
-0.134548126978045 56.25 89200
-0.183586235117675 58.75 90900
-0.936322472412705 61.25 91000
0.540847739974368 63.75 91300
0.510800395658617 66.25 93300
-0.30243932521689 68.75 94200
1.02412639852576 71.25 94700
 0.639891981723714 73.75 96000
0.73893622347306 76.25 96700
-1.37211713610983 78.75 96700
-0.093035407221446 81.25 100700
0.100949472314229 83.75 100800
-1.26899664231967 86.25 101900
-0.676953448690854 88.75 104400
-0.441101263665975 91.25 108500
3.13580687380723 93.75 113200
0.461612346574892 96.25 114000
1.13163670220601 98.75 116100
 1812 Residual Plot
10000
5000
Normal Probability Plot
Residuals

150000
0
1,400 1,600
100000 1,800 2,000 2,200 2,400 2,600
-5000
90000

-10000 50000

0 1812
0 20 40 60 80 100 120
Sample Percentile
0
0 20 40 60 80 100 120
Sample Percentile