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SLR Assignment1 CS

This document contains an assignment on regression analysis for a statistics course. It includes a dataset on annual investments (in $1000s) by a computer company from 2013 to 2022. Students are asked to: 1) Write the regression model and formulas to calculate the parameters. 2) Interpret the suggested regression model, which has an intercept of -6152.600 and slope of 3.067. 3) Construct a 95% confidence interval for the intercept and slope. 4) Test the significance of the overall regression model and check its accuracy. 5) Report the predictive and residual values from the model. 6) Draw a scatter plot displaying the regression equation and R2

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76 views3 pages

SLR Assignment1 CS

This document contains an assignment on regression analysis for a statistics course. It includes a dataset on annual investments (in $1000s) by a computer company from 2013 to 2022. Students are asked to: 1) Write the regression model and formulas to calculate the parameters. 2) Interpret the suggested regression model, which has an intercept of -6152.600 and slope of 3.067. 3) Construct a 95% confidence interval for the intercept and slope. 4) Test the significance of the overall regression model and check its accuracy. 5) Report the predictive and residual values from the model. 6) Draw a scatter plot displaying the regression equation and R2

Uploaded by

Tariq
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© © All Rights Reserved
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Assignment-Stat-701 (28-09-2022)-Mphil-Computer Science

Name : _______________________. Regression #_____________________ Major.__________________

The data below represent investments, in $1000s, in the development of new software by some computer company
over an 10-year period

Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Investment 17 23 31 29 33 39 40 41 44 47

Q #1 Write the regression models in this case and write the appropriate formulas for the calculation of parameters
of the model.
Let: x → Year
y → Investment
Regression Model:
𝑦𝑖 = 𝛼 + 𝛽𝑥𝑖 + 𝜀𝑖 … (1)

y is the dependent variable


x is the independent variable
α is the y intercept
β is the slope and
𝜀𝑖 is the random error.
𝛼 = 𝑦̅ − 𝛽𝑥̅ … (2)

𝛽 = ∑𝑖( 𝑥𝑖 − 𝑥̅ )( 𝑦𝑖 − 𝑦̅ )/ ∑𝑖( 𝑥𝑖 − 𝑥̅ )2 … (3)

Q #2 Write the interpretation of suggested regression model.


Using R software, we will find the values of our regression line parameters.
𝛼 = −6152.600 and 𝛽 = 3.067
Then the estimated regression line is:
𝑦̂𝑖 = −6152.600 + 3.067 𝑥𝑖

𝛼 = −6152.600 , represents the mean value of the response variable when all of the independent
variables in the model are equal to zero.

𝛽 = 3.067 , represents the estimated increase in y per unit increase in x.

Q #3 Construct 95 % confidence interval for both intercept and slope of the line in each suggested model and
interpret the results.
We are 95% confident that our estimated value of 𝛼 = −6152.600 will lie between
(-7387.933387, -4917.266613).

We are 95% confident that our estimated value of 𝛽 = 3.067 will lie between (2.454358,3.678975).
Q #4 Test the significance of overall regression model and check the accuracy of your model.
The F-Test of overall significance in regression is a test of whether or not your linear regression model
provides a better fit to a dataset than a model with no predictor variables. Linear regression needs the
relationship between the independent and dependent variables to be linear.

F-statistic: 133.4 on 1 and 8 DF, p-value: 2.869e-06

Since the p-value < α (0.05), we reject the H0 and conclude that our model provides a better fit than the
intercept-only model.

Q#5 Report the predictive values and residual values of your model

Predicted-values Residual-values
1 20.60000 -3.6000000
2 23.66667 -0.6666667
3 26.73333 4.2666667
4 29.80000 -0.8000000
5 32.86667 0.1333333
6 35.93333 3.0666667
7 39.00000 1.0000000
8 42.06667 -1.0666667
9 45.13333 -1.1333333
10 48.20000 -1.2000000

Q#6 Draw the scatter plot of all suggested model by displaying regression equations and 𝑅 2 on plot.
Q#7 Predict the investment of the company for the year 2025 and construct its prediction intervals. (may use
Minitab for the solution of this question)
By putting the value of x = 2025 in the estimated regression line
𝑦̂𝑖 = −6152.600 + 3.067 𝑥𝑖

Then 𝑦̂ = 57.4

And this will be lie between (53.99,60.81)

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