Statistics Model Building Assignment

Statistics Model Building
Statistics Model Building

Statistics Model Building

Description

The analysis section should include the following sections:

1- Model Building: Explain your model in terms of the “cause and effect” i.e. clarify the dependent and the independent variables in your model. State and explain your hypothesis (theory) about a possible relationship between your dependent and the independent variables i.e. the type and the direction of the relationship between these variables should be explained. Example “there is a significant direct (or indirect) linear relationship between Var1 and Var2”. If you wanted to develop a multi-variable model, what other factors you would have included in your model. Explain the determination of the independent and the dependent variable in your model.

 

2- Visualization Step: Develop a scatter diagram and conclude if there appears to be a linear or a non-linear relationship between your variables.

3- Estimation Step: Estimate the regression line. Calculate and INTERPRET the estimated slope Calculate and INTERPRET the estimated intercept.

4- Goodness of Fit: Calculate the coefficient of determination and comment on the goodness of fit. Interpret your finding.

5- Strength of linear relationship: Calculate and INTERPRET the estimated correlation coefficient. Comment on the measure of strength of the linear relationship.

6- Test of the Strength: Test the significance of the strength of linear relationship between the two variables at 1% and then at 10% level of significance. Interpret your finding. Comment on the p-value.

7- Test of the Significance: Test the significance of the linear relationship between the two variables at 5%and then at 10% level of significance. Interpret your finding. Comment on the P-value.

8- Prediction Step: Use the estimated regression equation and forecast the value of Y based on a given value of X.

9- If you wanted to develop a multi-variable model, what other factors you would have included in your model

10- Develop a multivariate model of at least 2 independent variables. Compare to your earlier model, do you get more explanatory power? Comment on the coefficients and check the significance of the model as well as each independent variable.

We can write this or a similar paper for you! Simply fill the order form!

Unlike most other websites we deliver what we promise;

  • Our Support Staff are online 24/7
  • Our Writers are available 24/7
  • Most Urgent order is delivered with 6 Hrs
  • 100% Original Assignment Plagiarism report can be sent to you upon request.

GET 15 % DISCOUNT TODAY use the discount code PAPER15 at the order form.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: