Submitted By npomms

Words 449

Pages 2

Words 449

Pages 2

Mid City Regression Analysis

November 6, 2012

Question 1 – Do buyers pay a premium for a brick house, all else being equal?

According to Model 1 above, a premium indeed is paid for a brick house if no other factor is considered. The reference being of a non-brick house shows an average price of $121,958 for house of all sizes, all locations and any number of rooms and bedrooms. A brick house, for all of the same criteria shows a premium of $25,810 being paid.

Question 2 – Is there a premium for a house in neighborhood 3, all else being equal?

Going by Model 2 above, a premium can indeed be observed for houses purchased in Neighborhood 3. Setting neighborhood 3 as the reference point, we observe an average house price of $159,294 with houses in the neighborhoods 1 & 2 showing average prices being $49,140 & $34,063 lower, respectively.

Question 3 – Is there an extra premium for a brick house in neighborhood 3, in addition to the usual premium for a brick house?

According to model 3, a premium can indeed be observed for brick houses in neighborhood 3 as opposed to brick houses in all other neighborhoods. We test this by adding an interaction variable of brick houses within neighborhood 3 and testing this against the reference which is a brick house and a house within neighborhood 3. With these reference parameters set, we get an average price for the reference group of $148,230 & a premium for the houses meeting the interaction variable criteria (brick house within neighborhood 3). We then observe a premium of $11,989 for houses which meet this criteria .

Question 4 – For purposes of estimation and prediction, could neighborhoods 1 and 2 be collapsed into a single “older” neighborhood?

In testing whether houses in group 1 & 2 were significantly different enough to be divided into two separate groups, we regress against all…...

...What Sells Game Tickets? A Quantitative Analysis of The 1980 Oakland A’s Home Game Day By Brian Hunter, M.A. In 1980, the Oakland A’s came in second place in the Western Division with 83 wins, 79 losses, and 14 games behind the first place Kansas City Royals. Steward Roddey, the general manager, has requested that an analysis be done to examine all the possible factors that could influence home game ticket sales and to gather information on pitcher Mark Nobel to use in negotiations with Mr. Nobel’s agent. Mr. Roddey gathered data (Exhibit 1) on what he believes would fully account for what factors contributed to the sale of home tickets between April and September of 1980. He is interested in how these variables interacted statistically for each game played: Day of the Week (game was played), Team Performance (Rank and Games Behind), Weather (stadium was open-air), Double Headers (6 in all), Starting Times (day or night), Starting Pitcher (especially Mark Nobel), Opponent (13 teams including the Yankees), Televised Home Games, and Game Promotions. Mr. Roddey believes this is an exhaustive list and would like a report on the findings to use for his future business decisions regarding his management of the Oakland A’s and his salary negotiations with pitcher Mark Nobel’s agent. In addressing Mr. Roddey’s ideas about factors that contribute to and are predictive of ticket sales, several Multiple Regressions were calculated. In addition,......

Words: 556 - Pages: 3

...Introduction Regression analysis was developed by Francis Galton in 1886 to determine the weight of mother/daughter sweet peas. Regression analysis is a parametric test used for the inference from a sample to a population. The goal of regression analysis is to investigate how effective one or more variables are in predicting the value of a dependent variable. In the following we conduct three simple regression analyses. Benefits and Intrinsic Job Satisfaction Regression output from Excel SUMMARY OUTPUT Regression Statistics Multiple R 0.616038 R Square 0.379503 Adjusted R Square 0.371338 Standard Error 0.773609 Observations 78 ANOVA df SS MS F Significance F Regression 1 27.81836 27.81836 46.48237 1.93E-09 Residual 76 45.48382 0.598471 Total 77 73.30218 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 2.897327 0.310671 9.326021 3.18E-14 2.278571 3.516082 2.278571 3.516082 X Variable 1 0.42507 0.062347 6.817798 1.93E-09 0.300895 0.549245 0.300895 0.549245 Graph Benefits and Extrinsic Job Satisfaction Regression output from Excel SUMMARY OUTPUT Regression Statistics Multiple R 0.516369 R Square 0.266637 Adjusted R Square 0.256987 Standard Error 0.35314 Observations 78 ANOVA ...

Words: 684 - Pages: 3

...Regression Analysis Definition: Regression is used to examine the relationship between one dependent and one independent variable. After performing an analysis, the regression statistics can be used to predict the dependent variable when the independent variable is known. Regression goes beyond correlation by adding prediction capabilities. Types Of Regression Analysis: Most widely used two types of regression analysis are- I [pic] Linear Regression Analysis: When the regression is conducted by two variables or factors then is called linear regression analysis. Multiple regression analysis: Multiple regression analysis is a technique for explanation of occurrence and calculation of future actions. A coefficient of correlation among variables X also Y is a quantitative index of connection involving these two variables. In squared type, while a coefficient of purpose specifies the quantity of difference in the principle variable Y that is accounted for through the deviation in the analyst variable X. [pic][pic][pic][pic]Examples for Linear Regression Analysis: ABC a manufacturing co. where the production cost depends on their raw materials cost. Now, For the given set of x(tk in million) and y ( tk in thousand per unit) values, determine the Linear Regression and also find the slope and intercept and use this in a regression equation. |X |Y | |50 |4.2 ...

Words: 797 - Pages: 4

...electricity, property taxes, advertising, accounting, janitors, cleaning supplies, distribution costs, legal fees, interest, inspectors, human resources department, etc, etc, etc. Life would be too easy if it were just that simple. There is one wrinkle. There is a distinction between between overhead and manufacturing overhead. Factory Overhead is not a financial statement account It is a “suspense account” for capturing and reallocating overhead costs Factory Overhead is debited for actual overhead costs incurred Factory Overhead is credited to allocate overhead to production Regression Analysis Interpretation of output summary The regression model like that, Here, Y= Cost of production A= Constant b1,b2 &b3= Regression coefficient X1= Direct Materials X2 = Direct Labor X3= Factory overhead From the co-efficient table, the values of a, b1,b2& b3 are found out & the regression model can be written as follows: Y= a+b1x1+b2x2+b3x3 = -6537089.828+.248×1+38.489×2+12.326×3 This equation indicates that if taka of direct materials increases by 1taka, the cost production will increases by .248 taka and other things remain constant. Again, if taka of direct labor increases by 1 taka, the cost of production will increases by 38.489 taka and other things remain constant. On the other hand, if taka of factory overhead increases by 1taka, the cost of production will increases by 12.326 taka and other things remain constant. The relationship among......

Words: 578 - Pages: 3

...Ben Leigh American Intercontinental University Unit 5 Individual Project BUSN311-1301B-10: Quantitative Methods and Analysis Instructor Leonidas Murembya April 23, 2013, Abstract This paper will be discussing regression analysis using AIU’s survey responses from the AIU data set in order to complete a regression analysis for benefits & intrinsic, benefits & extrinsic and benefit and overall job satisfaction. Plus giving an overview of these regressions along with what it would mean to a manager (AIU Online). Introduction Regression analysis can help us predict how the needs of a company are changing and where the greatest need will be. That allows companies to hire employees they need before they are needed so they are not caught in a lurch. Our regression analysis looks at comparing two factors only, an independent variable and dependent variable (Murembya, 2013). Benefits and Intrinsic Job Satisfaction Regression output from Excel SUMMARY OUTPUT Regression Statistics Multiple R 0.018314784 R Square 0.000335431 The portion of the relations explained Adjusted R Square -0.009865228 by the line 0.00033% of relation is Standard Error 1.197079687 Linear. Observations 100 ANOVA df SS MS F Significance F Regression 1 0.04712176 0.047122 0.032883 0.856477174 Residual 98 140.4339782 1.433 Total 99 140.4811 Coefficients Standard Error t......

Words: 830 - Pages: 4

...Performance”, Lisbon, October 1998. *Corresponding author: IZA, P.O. Box 7240, 53072 Bonn, Germany; winkelmann@iza.org. “I know only of three ways of living in society: one must be a beggar, a thief, or a wage earner.” HONORÉ de MIRABEAU (1749-1791) 1. Introduction It is a common observation for many countries that unemployment rates and crime rates are positively associated. A more contentious issue is whether this association means that unemployment causes crime, crime causes unemployment or third factors cause both. Only the first of the three possibilities would imply that the effects of unemployment on crime deserve to be counted among the “non-pecuniary” costs of unemployment that should be taken into account in a cost-benefit analysis of potential unemployment-reducing policies. The theoretical underpinning of the causality notion was developed some thirty years ago by Becker (1968), Stigler (1970) and Ehrlich (1973), among others. In Ehrlich’s model, individuals divide their time between legal activities and risky illegal activities. If legal income opportunities become scarce relative to potential gains from crime, the model predicts that crime will become more frequent. Increased unemployment could be one such factor. Numerous subsequent empirical papers have attempted to test the predictions of the BeckerEhrlich model and to find out whether the magnitude of the unemployment effect is quantitatively important. The hallmark of this literature is its failure......

Words: 6399 - Pages: 26

...Abstract This paper describes the application of regression analysis for the workplace. Three sets of variables are investigated - benefits and intrinsic job satisfaction, benefits and extrinsic job satisfaction, and finally benefits and overall job satisfaction. The regression analysis is performed using Excel and the results are shown in this paper, along with a graph for each set. The results are analyzed for recommendation to the company. Introduction Regression analysis is performed on three sets of variables – benefits and intrinsic job satisfaction, benefits and extrinsic job satisfaction, and finally benefits and overall job satisfaction. The results of the regression analysis are used to determine whether any relationship exists for the three sets of variables and the strength of the relationship. Benefits and Intrinsic Job Satisfaction Regression output from Excel Regression Statistics Multiple R 0.069642247 R Square 0.004850043 Adjusted R Square -0.004718707 Standard Error 0.893876875 Observations 106 ANOVA df SS MS F Significance F Regression 1 0.404991362 0.404991 0.506863 0.478094147 Residual 104 83.09765015 0.799016 Total 105 83.50264151 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 5.506191723 0.363736853 15.13784 4.79E-28 4.784887914 6.227496 4.784888 6.227496 Benefits -0.057165607 0.080295211 -0.71194 0.478094 -0.216394019 0.102063 -0.21639 0.102063 Graph ......

Words: 770 - Pages: 4

...Acts 430 Regression Analysis In this project, we are required to forecast number of houses sold in the United States by creating a regression analysis using the SAS program. We initially find out the dependent variable which known as HSN1F. 30-yr conventional Mortgage rate, real import of good and money stock, these three different kinds of data we considered as independent variables, which can be seen as the factors will impact the market of house sold in USA. Intuitively, we thought 30-yr conventional mortgage rate is a significant factor that will influences our behavior in house sold market, which has a negative relation with number of house sold. When mortgage rate increases, which means people are paying relatively more to buy a house, which will leads to a decrease tendency in house sold market. By contrast, a lower interest rate would impulse the market. We believe that real import good and service is another factor that will causes up and down in house sold market. When a large amount of goods and services imported by a country, that means we give out a lot of money to other country. In other words, people have less money, the sales of houses decreased. Otherwise, less import of goods and services indicates an increase tendency in house sold market. We can see it also has a negative relationship with the number of house sold. Lastly, we have money stock as our third impact factor of house sold. We considered it has a positive relationship with the number of...

Words: 723 - Pages: 3

...Regression analysis is a statistical process for estimating the relationships among variables. It includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables. More specifically, regression analysis helps one understand how the typical value of the dependent variable (or 'criterion variable') changes when any one of the independent variables is varied, while the other independent variables are held fixed. Local Government Engineering Department (LGED) is a public sector organization under the ministry of Local Government, Rural Development & Cooperatives. The prime mandate of LGED is to plan, develop and maintain local level rural, urban and small scale water resources infrastructure throughout the country. Here, I considered LGED as the organization and considering a projects eight districts “available fund” as Independent variable and “development (length of development of road in km)” as dependent variable. The value of the variables are- Districts Fund, X (lakh tk) Development,Y (km) Panchagar 450 10 Thakurgaon 310 6.8 Dinajpur 1500 32 Nilphamari 1160 24.5 Rangpur 1450 31 Kurigram 450 9 Lalmonirhat 950 16 Gaibandha 1550 33 For the two variables “available fund” and “development”, the regression equation can be given as: Y= a + bX Where, Y = Development X = Fund b = rate of change of development a...

Words: 365 - Pages: 2

...Unit 5 Regression Analysis American Intercontinental University Regression Analysis Independent Variable: Benefits Dependent Variable: Intrinsic Regression Statistics | | Multiple R | 0.252916544 | R Square | 0.063966778 | Adjusted R Square | 0.045966139 | Standard Error | 0.390066747 | Observations | 54 | ANOVA | | | | | | | df | SS | MS | F | Significance F | Regression | 1 | 0.540685116 | 0.540685116 | 3.553583771 | 0.065010363 | Residual | 52 | 7.911907477 | 0.152152067 | | | Total | 53 | 8.452592593 | | | | | Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower 95.0% | Upper 95.0% | Intercept | 4.88865703 | 0.188506099 | 25.93368096 | 2.04938E-31 | 4.510391881 | 5.266922187 | 4.510391881 | 5.266922187 | 1.4 | 0.06958624 | 0.036913916 | 1.885095162 | 0.065010363 | -0.004486945 | 0.143659433 | -0.004486945 | 0.143659433 | Independent Variable: Benefits Dependent Variable: Extrinsic Regression Statistics | | Multiple R | 0.332749251 | R Square | 0.110722064 | Adjusted R Square | 0.093620565 | Standard Error | 0.405766266 | Observations | 54 | ANOVA | | | | | | | df | SS | MS | F | Significance F | Regression | 1 | 1.065986925 | 1.065987 | 6.474407048 | 0.013952455 | Residual | 52 | 8.561605668 | 0.164646 | | | Total | 53 | 9.627592593 | | | | | Coefficients | Standard Error | t Stat | P-value | Lower 95% | Upper 95% | Lower......

Words: 463 - Pages: 2

... Case Study: Locating New Pam and Susan‘s Stores Professor Demetra Paparounas Lisa Chan MGSC 6200- Information Analysis July 3, 2014 Introduction The purpose of this study to is to determine a new store location for Pam and Susan Stores. This discount department store chain has 250 stores that are primarily in the South. Expansion is important to their strategic success. A multiple regression model will be used to determine which location has the highest sales potential and projections. It will also be used to help see how strong of a relationship sales has to the other independent variables. Data For this model, the wealth of census data that was used to compute this model contained 250 observations, 33 variables and 7 additional dummy variables were created from the main comtype variable, taking values of zero or one depending on level of competitiveness for a particular store. This data set contained economic and demographical data, population type, sales numbers, store size and the competitive types. The amount of sales and selling square feet variables are given in thousands of dollars. Results and Discussions In analyzing the data on the 250 Pam and Susan’s stores, we first created a scatter plot of the competitive types in the horizontal axis against sales (in thousands) on the vertical axis. The competitive types were identified as follows: * Type 1- Densely populated area with relatively little direct competition. * Type 2 –High income areas with little......

Words: 1892 - Pages: 8

...ANALYSIS OF REGRESSION Jessica Cain American InterContinental University Abstract The world today uses statistics in many different ways to understand numbers and possible outcomes. One way that this is by using regression analysis. The regression analysis which is based on a correlation between two variables can help us to better understand the relationship between the two variables. The process which is a valuable one has helped researchers, and businesses to grow based on information obtained from a regression analysis that contains a linear regression. Introduction The purpose of a regression analysis is to help show a linear regression of certain variables. This helps to understand the correlation of the variables being tested. Correlation does give reason to suspect that the relationship between two variables is not die to chance or other hidden variables (Editorial Board, [EB], 2012). This is done by utilizing excel to show how the variables match up, and if one is causing the other or if there are outliers that are affecting the outcome. This is important as it will allow for a company to see and eliminate these unnecessary variables and continue their growth. Benefits and Intrinsic Job Satisfaction Regression output from Excel |SUMMARY OUTPUT | | | | | |Intrinsic |-0.08484 |4.844477 ......

Words: 589 - Pages: 3

...Significance of Regression Analysis In statistics, regression analysis includes many techniques for modeling and analyzing several variables, when the focus is on the relationship between a dependent variable and one or more independent variables. More specifically, regression analysis helps one understand how the typical value of the dependent variable changes when any one of the independent variables is varied, while the other independent variables are held fixed. Most commonly, regression analysis estimates the conditional expectation of the dependent variable given the independent variables — that is, the average value of the dependent variable when the independent variables are held fixed. Less commonly, the focus is on a quantile, or other location parameter of the conditional distribution of the dependent variable given the independent variables. In all cases, the estimation target is a function of the independent variables called the regression function. In regression analysis, it is also of interest to characterize the variation of the dependent variable around the regression function, which can be described by a probability distribution. Regression analysis is widely used for prediction and forecasting, where its use has substantial overlap with the field of machine learning. Regression analysis is also used to understand which among the independent variables are related to the dependent variable, and to explore the forms of these relationships. In restricted......

Words: 784 - Pages: 4

... | LETTER OF TRANSMITTAL April 12, 2012 Dr. Abul Kalam Azad Associate Professor Department of Marketing University Of Dhaka Subject: Submission of a Report on regression analysis Dear Sir, Here is our term paper on regression analysis that you have assigned us to submit as a partial requirement for the course –“Business Statistics 1” Code no-212.While preparing this term paper; we have taken help from internet, books, class lectures and relevant sources. Though we have tried best yet it may contain some unintentional errors. We hope, this term paper will come up with your expectation. We shall be glad to answer any kind of question related to this term paper and we shall be glad to provide further clarification if needed. Yours faithfully Group: ''Oracles'' Section: B 17thBatch, Department Of Marketing University of Dhaka. ACKNOWLEDGEMENT For the completion of this task, we can’t deserve all praise. There were a lot of people who helped us by providing valuable information, advice and guidance. Course report is an important part of BBA program as one can gather practical knowledge within the short period of time by observing and doing this type of task. In this regard our report has been prepared on ‘regression analyses. At first we would like to thank Almighty .Then to our course teacher for giving us the assignment helping the course as well as for his valuable guidelines. Last but not the least the......

Words: 1445 - Pages: 6

...Unit 5 – Regression Analysis Jessica Laux/Bakos American InterContinental University Abstract Data regression and charting are important parts of interpreting data. If one uses scatter plots, and data analysis, one can determine if a correlation exists between two data sets, or if there is actually very little. This can help when it comes to seeing for example, if job satisfaction overall is related to benefits, and if so how to change that in the favor of the business. Introduction In the following information, we will show regression outputs for data sets from the AIU data set. We will determine correlation and what it means, as well as show scatter graphs that can help determine if there is any correlation to be shown. One has to be careful to input the proper data if they want the analysis to come out correctly. Benefits and Intrinsic Job Satisfaction Regression output from Excel |SUMMARY OUTPUT | | | | | |Intrinsic |0.326704508 |3.438142011 |Y=0.0034x+4.5491 |0.0012 | |Extrinsic |-0.134516538 |6.034361553 |Y=1.6912x+13.859 |0.2275 | |Overall |0.101037811 |4.712869316 |Y=1.0105x+0.5195 |0.1021 | Similarities and......

Words: 322 - Pages: 2