Complete Excel Sheet
Complete Excel Sheet
Mean 53074.07
Standard Error 3930.278
Median 60000
Mode 40000
Standard Deviation 20422.32
Sample Variance 4.17E+08
Kurtosis -1.166535
Skewness -0.281556
Range 66000
Minimum 15000
Maximum 81000
Sum 1433000
Count 27
** LINEAR REGRESSION
FORMULA TO CHECK BEST FIT LINE : R^2 = 1- SSR/SST SST = Totalsum squared errors
or R^2 = SST-SSR/SST SST = Totalsum squared errors
R^2 : It is the degree or percentage of variance explained in my data set explained by my best fit line.
R^2 value depends on value of annova and it must be <0.05
y
SST y^
y^ - y = SSE
y-y SSR
r month date.
mn numbers