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Regression Statistics: Residuals

This document contains the results of a regression analysis conducted on sales data. It found a strong correlation between quantity sold, price, and advertising spending. Price had a negative effect on quantity sold, while advertising had a small positive effect. The regression model was found to be statistically significant and explained about 96% of the variation in sales.

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90 views2 pages

Regression Statistics: Residuals

This document contains the results of a regression analysis conducted on sales data. It found a strong correlation between quantity sold, price, and advertising spending. Price had a negative effect on quantity sold, while advertising had a small positive effect. The regression model was found to be statistically significant and explained about 96% of the variation in sales.

Uploaded by

kaniraj
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
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

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