Business Statistics

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DSCI_3710_Excel_Quiz_4_Prediction_Template.xls

Sheet1

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 59.8479811539 43.8763985913 1.3640130702 0.1759277373 -27.3071034677 147.0030657755
42542 Income1 0.0002782124 0.0013082731 0.2126562199 0.8320707598 -0.0023205116 0.0028769364
10000 Income2 0.0010363567 0.0010341939 1.0020913057 0.3189567269 -0.0010179426 0.003090656
4 Famlsize 44.0613620903 3.9175286019 11.2472343071 6.57012769352658E-19 36.2796719842 51.8430521964
0 Ownrent -5.4859225254 16.5456193606 -0.3315634432 0.7409813089 -38.3517661632 27.3799211125
6000 Autodebt 0.0007875325 0.0033603667 0.2343591017 0.8152326913 -0.0058874239 0.007462489
0 ED 25.7486300966 22.0348513808 1.1685411284 0.2456407174 -18.0208997275 69.5181599207
0 WD 0.1262568948 20.3905897345 0.0061919197 0.9950731484 -40.377148828 40.6296626176
1 SD 19.3841499408 20.7043112675 0.9362373706 0.3516289892 -21.7424251311 60.5107250127
Pred Groc= 282.402053786
Instructions for Predictions:
1. Type the value for each explanatory variable in the PINK cells.
2. Collect your prediction from the YELLOW cell. That contains a formula that re-creates the regression formula in the format Predicted Y = b0 + b1 * X1 + b2 * X2 + … + b8 * X8. The b coefficients are already in column C and the X values are typed in column A.

Sheet2

Sheet3