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Regression Statistics: Residuals

The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

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65 views

Regression Statistics: Residuals

The regression analysis found a strong correlation between quantity sold, price, and advertising. Price and advertising were found to be significant predictors of quantity sold, with price negatively impacting quantity and advertising having a small positive effect. The regression model explained over 96% of the variation in quantity sold. Residual plots showed the differences between actual and predicted values were reasonably small.

Uploaded by

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

8500 $2 $2,800
4700 $5 $200
5800 $3 $400
7400 $2 $500
6200 $5 $3,200
7300 $3 $1,800
5600 $4 $900

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.981
R Square 0.962
Adjusted R Square 0.943
Standard Error 310.524
Observations 7

ANOVA
df SS MS F Significance F
Regression 2 9694299.568 4847149.784 50.269 0.001
Residual 4 385700.432 96425.108
Total 6 10080000.000

Coefficients Std Error t Stat P-values Lower 95% Upper 95%


Intercept 8536.214 386.912 22.062 0.000 7461.975 9610.453
Price -835.722 99.653 -8.386 0.001 -1112.404 -559.041
Advertising 0.592 0.104 5.676 0.005 0.303 0.882

RESIDUAL OUTPUT

ObservationPredicted Quantity Sold


Residuals
1 8523.009 -23.009
2 4476.048 223.952
3 6265.938 -465.938
4 7160.883 239.117
5 6252.733 -52.733
6 7095.058 204.942
7 5726.330 -126.330

Residuals
300.000
200.000
100.000
0.000
0 1 2 3 4 5 6 7 8
-100.000
Residuals
300.000
200.000
100.000
0.000
0 1 2 3 4 5 6 7 8
-100.000
-200.000
-300.000
-400.000
-500.000
-600.000
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.980681430577099
R Square 0.961736068278745
Adjusted R Square 0.942604102418118
Standard Error 310.523924903641
Observations 7

ANOVA
df SS MS F Significance F
Regression 2 9694299.56825 4847149.7841 50.268544032 0.0014641285
Residual 4 385700.43175 96425.107938
Total 6 10080000

Coefficients Standard Error t Stat P-value Lower 95%


Intercept 8536.21388243109 386.911747844 22.062431368 2.498117E-05 7461.974654
Price -835.72235137828 99.6530446917 -8.3863202972 0.0011060639 -1112.40356
Advertising 0.59222849551644 0.104346803 5.6755787286 0.0047553094 0.3025153251

RESIDUAL OUTPUT

Observation Predicted Quantity Sold Residuals


1 8523.00896712056 -23.008967121
2 4476.04782464298 223.952175357
3 6265.93822650282 -465.9382265
4 7160.88342743275 239.116572567
5 6252.73331119229 -52.733311192
6 7095.05812022584 204.941879774
7 5726.33012288276 -126.33012288
Upper 95% Lower 95.0% Upper 95.0%
9610.4531109 7461.974654 9610.4531109
-559.04114323 -1112.40356 -559.04114323
0.881941666 0.3025153251 0.881941666
Quantity Sold Price Advertising
8500 $2 $2,800
4700 $5 $200
5800 $3 $400
7400 $2 $500
6200 $5 $3,200
7300 $3 $1,800
5600 $4 $900

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