Case Study " Regression Equation "

Apr 15th, 2014
Price: $10 USD

Question description

Using the equation ( With Numbers ) ,Provide a simple example by substituting in the equation ( once ) and then explain the effect on demand of a particular product ( Cars or Mobile Phone ) 

No Need for long, details calculations. just a simple definition for each variable and it's effect ( only 1 Page )

Regression equation: linear, additive 

   eg: Y = a + b1X1 + b2X2 + b3X3 + b4X4 

Y: dependent variable 

a: constant value, y-intercept 

Xn: independent variables, used to explain Y 

bn: regression coefficients (measure impact of independent variables)

Tutor Answer

(Top Tutor) Daniel C.
School: University of Virginia

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Apr 16th, 2014
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