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SIimple & Multiple Regression Model

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Added on  2021-06-15

SIimple & Multiple Regression Model

   Added on 2021-06-15

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STUDENT NAME/ID SIMPLE & MULTIPLE REGRESSION MODEL SIMPLE & MULTIPLE REGRESSION MODEL
SIimple & Multiple Regression Model_1
Simple Regression Model Simple Regression Model Federated Islands Sales (USD) = Dependent variable Year (time) = Independent variableLeast Square Regression Line Equation y = mx+ cLn(Sales (USD)) = 13.0191 + {0.0328 (Time)}
SIimple & Multiple Regression Model_2
Ln(Sales $) = 13.0191 + {0.0328 (Time)}•Interpretation of CoefficientsSlope coefficient: m = 13.0191 The above value indicates the rate of change Intercept c = 0.0328At t =0, the above value would be observedThe value of sales (USD) for Federated Islands would be determined based on the given time. For example, the sales for Federated Islands for a period of 8 years would be computed below:Ln(Sales $) = 13.0191 + {0.0328 (Time)}Time = 8 Ln(Sales $) = 13.0191 + {0.0328*8}Sales = $587,428Hence, the mean sales is $587,428Simple Regression Model Simple Regression Model
SIimple & Multiple Regression Model_3

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