Bahria University, Karachi Campus

Department of Business Studies

Thursday, May 23, 2024 MBA-1A (Weekend)
Spring – 2024 Statistics & Mathematics for Management

Assignment - No. -4
Numerical Computation of Regression Analysis and Correlation Analysis
Q.1 Marketing research consultants wish to develop various forecasting model to observe the impact of four inputs
on output i.e monthly sales (y) of a certain consumer product. For this purpose they collected 20 set of data to
analysis the impacts of monthly family home take salary(x 1), TV advertisement cast(x2), number of earning
hands of a family(x3), and monthly demand (x4) on monthly sales (y) of the consumer product. The recoded data
shown in a table below:
S. No. y($) x1($) x2($) x3(#) x4(Units)
1. 35,627 13,456 80,000 3 5,000
2. 45,562 12,873 90,500 4 3,000
3. 87,726 23,457 75,000 2 4,500
4. 35,435 31,567 60,000 5 3,450
5. 256.53 35,253 55,000 4 2,342
6. 65,764 26,345 83,000 3 4,532
7. 54,556 12,345 56,700 2 3,645
8. 25,564 23,456 78,000 1 2,345
9. 54,756 25,467 55,600 3 3,452
10. 75,876 28,456 76,800 4 2,345
11. 46,567 34.567 65,400 5 4,563
12. 38,546 28,345 35,500 6 1,234
13. 89,767 34,567 30,800 4 2,134
14. 93,201 23,456 37,500 3 1,254
15. 25,345 18,345 56,700 4 2,345
16. 87,597 23,456 55,900 2 5,675
17. 93,456 15,657 75,300 1 3,425
18. 78,345 9,345 64,000 3 3,456
19. 39,456 44,567 85,500 5 2,342
20. 57,692 23,456 59,700 3 5,435

Required:
a) Develop an estimated forecasting multiple regression model for estimated sales
^y = a^ + b^ x1 + c^ x 2+ d^ x 3 + e^ x 4
b) Predict estimated ^y if x 1=$ 27,550, x 2=$ 40,500 , x 3=7 , x 4=2,300 units

c) Develop simple regression models between

i) ^y =¿ a^ + b^ x1
ii) ^y =¿ a^ + c^ x 2
iii) ^y =¿ a^ + d^ x 3
iv) ^y =¿ a^ + e^ x 4
d) Predict estimated ^y if 1 x =$ 27,550 , x 2=$ 40,500 , x 3=7 , x 4=2,300 units for each case. Also
draw scatter diagram for each inputs ( x 1 , x 2 , x 3 , x 4 ¿ with output (y).

Page 1 of 2 Statistics & Mathematics for Management (QTM-535) Assignment No. 4 [Spring-24]
 e) Develop exponential regression models between
^
i) ^y = a^ (e b x ) 1

ii) ^y = a^ ( ec^ x ) 2

^y = a^ ( ed x )
^
iii) 3

iv) ^y = a^ (e ^e x ) 4

f) Predict estimated ^y if x 1=$ 27,550, x 2=$ 40,500 , x 3=7 , x 4=2,300 units for each case. Also
draw scatter diagram for each inputs ( x 1 , x 2 , x 3 , x 4 ¿ with output (y).

g) Compute Correlation Coefficients (r) and Coefficient of Determination (r2) in between

i) r y, x x x
1 2 3 x4

ii) r y, x
1

iii) r y, x
2

iv ¿ r ¿ y , x
3

v) r y, x
4

h) Can you conclude that which inputs are more impacts or associated with monthly sales (y)?

Q.2 Compute Correlation (r) for demand and supply of given data set in the following table:

S. No. Demand (units) Supply (units)

1. 50 55
2. 40 35
3. 30 26
4. 40 30
5. 20 24
6. 10 12
7. 30 25
8. 25 24
9. 15 15
10. 30 26
11. 40 30
12. 50 55
13. 40 24
14. 35 15
15. 33 32
16. 42 26
17. 50 24
18. 30 29
19. 20 24
20. 35 30

Conclude the association in between Demand and Supply.

Note: Last date of submission Monday, June 3, 2024 at LMS positively. No extension will be entertained.

Page 2 of 2 Statistics & Mathematics for Management (QTM-535) Assignment No. 4 [Spring-24]