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Regression Op

The document presents a linear regression analysis between income and expenditure, establishing the equation Y = 7.29 + 0.93X. It provides key statistics including a coefficient of correlation of 0.928 and a coefficient of determination (COD) of 0.862, indicating a strong relationship between the variables. Additionally, it discusses the significance of regression analysis in business and poses several related questions for further exploration.

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saniya
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8 views2 pages

Regression Op

The document presents a linear regression analysis between income and expenditure, establishing the equation Y = 7.29 + 0.93X. It provides key statistics including a coefficient of correlation of 0.928 and a coefficient of determination (COD) of 0.862, indicating a strong relationship between the variables. Additionally, it discusses the significance of regression analysis in business and poses several related questions for further exploration.

Uploaded by

saniya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Income(in Exp(in

Lacs INR) thousands)


0.928
X Y r 6

1 9

2 8

3 10

4 12

5 11

6 13

7 14

Assume
linear
relation
Y=A + BX
SUMMARY
OUTPUT

Regression
Statistics
0.9285714
Multiple R 29 r
Coefficient of
0.8622448 Determination(C
R Square 98 OD)
Adjusted R 0.8346938
Square 78
Standard 0.8783100
Error 66
Observatio
ns 7

ANOVA

df SS MS F Significance F
24.14
Regression 1 24.1429 3 31.3 0.0025
0.771
Residual 5 3.85714 4
Total 6 28

Low Upp
P- er er
Coefficien valu Uppe 95.0 95.0
ts Standard Error t Stat e Lower 95% r 95% % %
2E- 9.193
Intercept 7.29 0.74231 9.815 04 5.38 9 5.38 9.19
X Variable 5.594 0.00 1.355
1 0.93 0.16599 3 3 0.5 2 0.5 1.36

A=7.29

B=0.93
Y=7.29+0.9
3X

Questions

Pls refer to Excel output of the Regression Analysis between Income and Expenditure

[Link] a linear regression equation between X and Y

2. What is Coefficient of Correlation between Income and Expenditure? Comment on its value

[Link] do you mean by Coefficient of determination(COD)? What is COD value in above case?

[Link] is Y intercept and Slope of the Regression line?

[Link] will be Expenditure when Income becomes INR 20 Lacs?

[Link] the Significance of Regression Analysis in Business?

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