Slides Module 4 Lesson 6
Slides Module 4 Lesson 6
Slides Module 4 Lesson 6
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Example: Annual demand for cocoa in million pounds over a period of time.
Example: Annual demand for cocoa in million pounds over a period of time.
Example: Annual demand for cocoa in million pounds over a period of time.
1. Improve Linearity.
1. Improve Linearity.
1. Improve Linearity.
1. Improve Linearity.
Predict the cocoa demand for the following year and build a 95%
confidence interval around the prediction.
Assume, for the following year, the price to be 1.15$ per pound and
the per-capita income to be 40,000$.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Predict the cocoa demand for the following year and build a 95%
confidence interval around the prediction.
Assume, for the following year, the price to be 1.15$ per pound and
the per-capita income to be 40,000$.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Predict the cocoa demand for the following year and build a 95%
confidence interval around the prediction.
Assume, for the following year, the price to be 1.15$ per pound and
the per-capita income to be 40,000$.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Predict the cocoa demand for the following year and build a 95%
confidence interval around the prediction.
Assume, for the following year, the price to be 1.15$ per pound and
the per-capita income to be 40,000$.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.
Predict the cocoa demand for the following year and build a 95%
confidence interval around the prediction.
Assume, for the following year, the price to be 1.15$ per pound and
the per-capita income to be 40,000$.
Linear Regression for Business Statistics
Natural Log transformation in a Regression Model.