Description
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.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
hey, am done with the paper. Kindly go through it and let me know in case of any question. Thank you
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
...