a. Standard Error of Y on X i.e Y = bo + b1 X |
||||
Xi | Yi | Y'=-1338520.84+669.95*X | Y-Y' | (Y-Yi)^2 |
2001 | 1375 | 2051.11 | -676.11 | 457124.732 |
2002 | 1803 | 2721.061 | -918.061 | 842836 |
2003 | 2772 | 3391.012 | -619.012 | 383175.856 |
2004 | 3863 | 4060.963 | -197.963 | 39189.349 |
2005 | 4841 | 4730.914 | 110.086 | 12118.927 |
2006 | 6935 | 5400.865 | 1534.135 | 2353570.198 |
2007 | 7635 | 6070.816 | 1564.184 | 2446671.586 |
2008 | 7555 | 6740.767 | 814.233 | 662975.378 |
2009 | 7766 | 7410.718 | 355.282 | 126225.3 |
2010 | 8463 | 8080.669 | 382.331 | 146176.994 |
2011 | 8412 | 8750.62 | -338.62 | 114663.504 |
2012 | 8568 | 9420.571 | -852.571 | 726877.31 |
2013 | 8921 | 10090.522 | -1169.522 | 1367781.708 |
Standard error = Sqrt( ( sum ( Y -Yi )^2/ n-2 )
sum ( Y -Yi )^2 = 9679376.606
Standard Error = 9679376.606
variance = standard error^2 =93690331480780
b.
Line of Regression Y on X i.e Y = bo + b1 X | ||||
X | Y | (Xi - Mean)^2 | (Yi - Mean)^2 | (Xi-Mean)*(Yi-Mean) |
2001 | 1375 | 36 | 22042303 | 28170 |
2002 | 1803 | 25 | 18206633 | 21335 |
2003 | 2772 | 16 | 10876297 | 13192 |
2004 | 3863 | 9 | 4870510 | 6621 |
2005 | 4841 | 4 | 1510252 | 2458 |
2006 | 6935 | 1 | 748358 | -865 |
2007 | 7635 | 0 | 2449466 | 0 |
2008 | 7555 | 1 | 2205453 | 1485 |
2009 | 7766 | 4 | 2876677 | 3392 |
2010 | 8463 | 9 | 5726817 | 7179 |
2011 | 8412 | 16 | 5485324 | 9368 |
2012 | 8568 | 25 | 6240388 | 12490 |
2013 | 8921 | 36 | 8128639 | 17106 |
calculation procedure for regression
mean of X = sum ( X / n ) = 2007
mean of Y = sum ( Y / n ) = 6069.9231
sum ( (Xi - Mean)^2 ) = 182
sum ( (Yi - Mean)^2 ) = 91367117
sum ( (Xi-Mean)*(Yi-Mean) ) = 121931
b1 = sum ( (Xi-Mean)*(Yi-Mean) ) / sum ( (Xi - Mean)^2 )
= 121931 / 182
= 670
bo = sum ( Y / n ) - b1 * sum ( X / n )
bo = 6069.9231 - 670*2007 = -1338521
value of regression equation is, Y = bo + b1 X
Y'=-1338521+670* X
Answer:
beta1 =b1 =670
slope of equation =b1=670
c.
value of regression equation is, Y = bo + b1 X
Y'=-1338521+670* X
when X =2017 then
Y'=-1338521+(670* 2017)
Y' =12869
d.
Y'=-1338521+670* X
when X =2012 then
Y'=-1338521+(670*2012)
Y' =9519
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