Question

1. Using Excel (a) present summery of regression analysis of following data (b) Interpret the results Mortgage interest rates
First 6 digits : 215028


2000 $230,200 Last 6 digit of your student ID $309,800 8.10 2001 7.00 2002 6.50 2. Check the followings of the excel results
Last 6 digits : 028009

....
Please kindly send me the solution on

By excel and manaully .. thanks
0 0
Answer #1

The data given in the question is;

Median home price, X1 Interest rate, X2 Year, Y 1995 1996 1997 1998 1999 2000 2001 2002 215028 174500 177900 188100 203200 20

Here year is the dependent variable,

Median home price is the first independent variable,X1 and

Interest rate is the second independent variable,X2

To get the summary of regression analysis of above data firstly go to the data tab then click on data analysis then a small window will be opened, select the option of regression there, fill all the data carefully and you will get the following result.

ANOVA Significance F df 2 MS Regression Residual Total 14.41280541 7.206403 1.306114 0.349659731 27.58719459 5.517439 42 Coef

The regression equation is;

Y = \beta_0 + \beta_1 X_1 + \beta_2 X_2

Where,

\beta_0is the intercept,

61 is the slope of year and median home price and

\beta_2 is the slope of year and interest rate.

Y - 2018.47122 - 0.00000142X1 - 2.671919683X2

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