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    Week 3 Multiple Regression Model

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    Cico Coco
    The document shows monthly home sales data from January 2011 to December 2012. It includes the number of 10-piece home furnishing sets sold each month, the total home sales in millions for each month, and the price of the 10-piece set. There was variability in the number of 10-piece sets sold each month, ranging from 131 units in June 2011 to over 1,500 units in October 2012. Total home sales each month generally remained between 4 and 5 million dollars.

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    Week 3 Multiple Regression Model

    Uploaded by

    Cico Coco
    8 views9 pages
    The document shows monthly home sales data from January 2011 to December 2012. It includes the number of 10-piece home furnishing sets sold each month, the total home sales in millions for each month, and the price of the 10-piece set. There was variability in the number of 10-piece sets sold each month, ranging from 131 units in June 2011 to over 1,500 units in October 2012. Total home sales each month generally remained between 4 and 5 million dollars.

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    The document shows monthly home sales data from January 2011 to December 2012. It includes the number of 10-piece home furnishing sets sold each month, the total home sales in millions for each month, and the price of the 10-piece set. There was variability in the number of 10-piece sets sold each month, ranging from 131 units in June 2011 to over 1,500 units in October 2012. Total home sales each month generally remained between 4 and 5 million dollars.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    8 views9 pages

    Week 3 Multiple Regression Model

    Uploaded by

    Cico Coco
    The document shows monthly home sales data from January 2011 to December 2012. It includes the number of 10-piece home furnishing sets sold each month, the total home sales in millions for each month, and the price of the 10-piece set. There was variability in the number of 10-piece sets sold each month, ranging from 131 units in June 2011 to over 1,500 units in October 2012. Total home sales each month generally remained between 4 and 5 million dollars.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 9

    10 Piece

    Total Home Total Home sales (millions)


    month year sales (millions) Set sold
    units 6.00
    Jan-11 5.36 219
    Feb-11 4.88 175 5.00

    Mar-11 4.47 306


    4.00
    Apr-11 4.20 394
    May-11 4.15 394 3.00
    Jun-11 4.18 131
    Jul-11 4.05 131 2.00

    Aug-11 4.41 438


    1.00
    Sep-11 4.28 525
    Oct-11 4.32 613 0.00
    Nov-10 Feb-11 Jun-11 Sep-11 Dec-11 Apr-12 Jul-12 O
    Nov-11 4.40 657
    Dec-11 4.38 394 1,800
    Jan-12 4.51 354
    1,600
    Feb-12 4.52 706
    1,400
    Mar-12 4.46 603
    Apr-12 4.53 603 1,200

    May-12 4.59 367 1,000


    Jun-12 4.41 328 800
    Jul-12 4.60 509
    600
    Aug-12 4.84 429
    400
    Sep-12 4.78 417
    Oct-12 1,553 200
    4.83
    Nov-12 4.96 1,670 0
    Nov-10 Feb-11 Jun-11 Sep-11 Dec-11 Apr-12 Jul-12 Oct-
    Dec-12 4.90 1,204
    10 Piece Set sold units Total Home sales (millions)
    ales (millions)

    c-11 Apr-12 Jul-12 Oct-12 Jan-13

    6.00

    5.00

    4.00

    3.00

    2.00

    1.00

    0.00
    11 Apr-12 Jul-12 Oct-12 Jan-13

    Total Home sales (millions)


    10-Piece 10-Piece
    Total Home
    month year Set sold Set sale sales (millions)
    Time in
    units month price SUMMARY OUTPUT
    Jan-11 219 1 $949.98 5.36
    Feb-11 175 2 $949.98 4.88 Regression Statistics
    Mar-11 306 3 $949.98 4.47 Multiple R
    Apr-11 394 4 $949.98 4.20 R Square
    May-11 394 5 $949.98 4.15 Adjusted R Square
    Jun-11 131 6 $949.98 4.18 Standard Error
    Jul-11 131 7 $949.98 4.05 Observations
    Aug-11 438 8 $949.98 4.41
    Sep-11 525 9 $949.98 4.28 ANOVA
    Oct-11 613 10 $949.98 4.32
    Nov-11 657 11 $949.98 4.40 Regression
    Dec-11 394 12 $949.98 4.38 Residual
    Jan-12 354 13 $949.98 4.51 Total
    Feb-12 706 14 $949.98 4.52
    Mar-12 603 15 $949.98 4.46
    Apr-12 603 16 $949.98 4.53 Intercept
    May-12 367 17 $949.98 4.59 Time in month
    Jun-12 328 18 $949.98 4.41 10-Piece Set sale price
    Jul-12 509 19 $949.98 4.60 Total Home sales (millions)
    Aug-12 429 20 $949.98 4.84
    Sep-12 417 21 $949.98 4.78
    Oct-12 1,553 22 $799.95 4.83
    Nov-12 1,670 23 $799.95 4.96 RESIDUAL OUTPUT
    Dec-12 1,204 24 $799.95 4.90
    Observation
    1
    2
    300
    3
    4
    200 5
    6
    100 7
    8
    0 9
    10
    -100
    11
    12
    -200
    13
    14
    -300
    15
    -400
    1 2 3 4 5 6 7 8 9 10 11 12
    -200

    -300

    -400 16
    1 2 3 4 5 6 7 8 9 10 11 12 17
    18
    19
    20
    21
    22
    23
    24
    ssion Statistics
    0.920742195
    0.847766189
    0.824931118
    166.3488217
    24

    df SS MS F Significance F
    3 3082012.7239 1027338 37.12561997 2.296E-08
    20 553438.609434 27671.93
    23 3635451.33333

    Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
    6541.279287 1180.14967605 5.542754 2.000381E-05 4079.5302 9003.028373 4079.5302 9003.028373
    12.48361405 6.01136158523 2.07667 0.050934688 -0.05586648 25.02309459 -0.055866481 25.02309459
    -6.26591329 0.88689628207 -7.06499 7.519951E-07 -8.11594652 -4.415880063 -8.115946515 -4.41588006
    -69.5000151 126.413581065 -0.549783 0.588555849 -333.194124 194.1940942 -333.1941245 194.1940942

    Predicted 10-Piece Set sold Residuals


    units
    228.750513 -9.7505129997
    274.5941343 -99.594134307 1,800
    315.5727546 -9.5727545566 1,600
    346.8213727 47.1786273093
    Actual 10-piece set sold units

    1,400
    362.7799875 31.2200124995
    373.1786011 -242.1786011 1,200
    394.6972171 -263.69721712 1,000
    382.1608257 55.8391742656
    800
    403.6794418 121.320558247
    413.3830552 199.616944797 600

    420.306668 236.693331952 400


    434.1802824 -40.180282405 200
    437.6288945 -83.628894494
    0
    449.4175084 256.582491602 0 200 400 600 800 1,000 1,200 1,400
    466.0711234 136.928876642 Predicted 10-Piece set sold units
    200

    0
    0 200 400 600 800 1,000 1,200 1,400
    Predicted 10-Piece set sold units
    473.6897364 129.310263645
    482.0033495 -115.0033495
    506.9969663 -178.99696628
    506.2755775 2.72442254008
    502.0791879 -73.079187888
    518.7328028 -101.73280285
    1467.816387 85.1836130469
    1471.264999 198.735000957
    1487.918614 -283.918614
    Time in month Residual Plot
    300
    200
    100
    0
    Residuals

    -100
    -200
    -300
    -400
    0 5 10 15 20 25 30
    Time in month

    Time in month Line Fit Plot


    1,800
    1,600
    1,400
    10-Piece Set sold units

    1,200
    1,000 10-Piece Set sold units
    800 Predicted 10-Piece Set sold
    units
    600
    400
    200
    0
    0 5 10 15 20 25 30
    Time in month

    45 degree line
    Column B

    1,000 1,200 1,400 1,600 1,800


    set sold units
    1,000 1,200 1,400 1,600 1,800
    set sold units
    Residual Analysis

    The Residual plot indicates that


    the residual is not linear and is
    of equal variance , and it is not
    independent

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