Using Linear Regression Analysis, Equation Data For Actual Fire Claims

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Compute the linear trend for Claims from 2001 to 2006.

III.- Compute the forecast of number of Claims for 2007 and 2008

IV.- Using the Linear Regression Analysis, write the linear equation that best fits the data for Actual Fire Losses.

V.- Compute the linear trend for Fire Losses from 2001 to 2006.

VI.- Compute the forecast of Fire Losses for 2007 and 2008

VII.- Present a graph for the Actual Values and the Linear Trend Values for Fire Claims for the whole period. Do the same for Fire Losses.

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6. The table below shows the figures for Fire Claims and the amount of Fire Losses (in current dollars) for the city of Rio Grande, from 2001 to 2006. Year 2001 2002 2003 2004 2005 2006 2007 2008 Actual Fire Claims 12 10 8 11 14 15 Linear Trend For Claims Actual Fire Losses $ $ $ $ $ $ Linear Trend For Losses 17,500 45,000 42,000 60,000 75,000 95,000 I.- Using the Linear Regression Analysis, write the linear equation that best fits the data for Actual Fire Claims. II.- Compute the linear trend for Claims from 2001 to 2006. III.- Compute the forecast of number of Claims for 2007 and 2008 IV.- Using the Linear Regression Analysis, write the linear equation that best fits the data for Actual Fire Losses. V.- Compute the linear trend for Fire Losses from 2001 to 2006. VI.- Compute the forecast of Fire Losses for 2007 and 2008 VII.- Present a graph for the Actual Values and the Linear Trend Values for Fire Claims for the whole period. Do the same for Fire Losses.
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Linear regression analysis outline paper
The questions tackled are as follows
1. Regression analysis
11. Determination of linear trend values
111.

Forecasting

1V. Regression Analysis
V. Determination of linear trend
V1. Forecasting
V11. Graphing


Running Head: REGRESSION ANALYSIS

1

Regression Analysis

Name
Institution
Instructor
Date

REGRESSION ANALYSIS

2

The table below shows the figures for Fire Claims and the amount of Fire Losses (in current
dollars) for the city of Rio Grande, from 2001 to 2006.

Year

Actual
Fire Claims

2001

12

2002

10

2003

8

2004

11

2005

14

2006

15

2007
2008

Linear Trend
For Claims
9.44
10.29
11.15
12.01
12.87
13.72

Actual
Fire Losses
$

17,500

$

45,000

...


Anonymous
Very useful material for studying!

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