Essay (Due Date February 1, 2017)
Please Read and review for assignment: Chapter 4 Regression Models, pp.114-123
In an essay of no less than three pages, explain the correlation of the data points to the equations shown in Figure 4.3 on page 119 (How can better data be acquired?), and review Figures 4.4A, 4.4B, and 4.4C on page 120. What assumptions are being shown in these figures?
Please provide 3 research references including your text:
References
Render, B., Stair, R. M. Jr., Hanna, M. E., Hale, T. S. (2015).Quantitative analysis for
management (12th ed.). Upper Saddle River, New Jersey: Pearson Education, Inc.
Be sure to use APA style, and cite and reference your sources using in-text citations and a reference pageto avoid plagiarism. Additionally, use Times New Roman12pt. double-spaced font.
Document Preview:
Regression Models LEARNING OBJECTIVES After completing this chapter, students will be able to: 1.. Identify variables and use them in a regression 6. Develop a multiple regression model and use it for model. prediction purposes. • 2. Develop simple linear regression equations from 7. Use dummy variables to model categorical data. sample data and interpret tbe slope and intercept. 8. Determine which variables should be included in a 3. Compute tt}e coefficient of determination and multiple regression model. the coefficient of correlation and interpret their 9. Transform a nonlinear function into a linear one for meanings. use in regression. 4. Interpret the F test in a linear regression model. 1.0. Understand and avoid mistakes commonly made 5. List the assumptions used in regression and use in the use of regression analysis. residual plots to identify problems. 4.1. Introduction 4.7 Using Computer Software for Regression / 4.2 Scatter Diagrams 4.8 Multiple Regression Analysis 4.3 Simple Linear Regression 4.9 Binary or Dummy Variables 4.4 Measuring the Fit of the Regression Model 4.1.0 Model Building 4.5 Assumptions of the Regression Model 4.1.1. Nonlinear Regression 4.6 Testing the Model for Significance 4.1.2 Cautions and Pitfalls in Regression Analysis Summary • Glossary • Key Equations • Solved Problems • Self-Test • Discussion Questions and Problems Case Study: North-South Airline • Bibliography · Appendix 4.1.: Formulas for Regressio~ Calculations 113114 CHAPTER 4 • REGRESSION MODELS 14..eg•-ess l .,. -. n •• u l y s l s i "'"' u ~u ty '- Uiuuh l~ l nu l f u t l n du.) e n tunu.gu r-. l~cg r c a i o n hu . h cc 11 u . c U lo model things such as che relationship between level of education and iQcome, che price of a house and the square footage, and the sales volume for a company relative to the dollars spent on advertising. When businesses ace trying to decide which location is best for a new store or branch office,...