Question

In: Economics

Suppose you are a rabid football fan and you get into a discussion about the importance...

Suppose you are a rabid football fan and you get into a discussion about the importance of offense (yards made) versus defense (yards allowed) in terms of winning a game. You decide to look at football statistics to provide evidence of which variable is a stronger predictor of wins.

Part a) Develop a simple linear regression that compares wins to yards made. Perform the following diagnostics on this regression: 1) test of significance on the slope; 2) assess the fit of the line using the appropriate statistics; 3) interpret the slope of the equation if the slope is significant. Part b) Develop a simple linear regression that compares wins against yards allowed. Perform the following diagnostics on this regression: 1) test of significance on the slope; 2) assess the fit of the line using the appropriate statistics; 3) interpret the slope of the equation if the slope is significant. Part c) Which explanatory variable provides a better prediction of the response variable? Support your answer briefly by citing the appropriate diagnostics. Note: Use an alpha of .05 for both tests of significance. Be sure to show ALL steps of the hypothesis testing procedure

EXCEL DATA TO USE.

Team Win Rush Pass Yds Allowed Yds Made
Arizona Cardinals 62.50 93.40 251.00 346.40 344.40
Atlanta Falcons 56.30 117.21 223.19 348.90 340.40
Baltimore Ravens 56.30 137.51 213.69 305.00 351.20
Buffalo Bills 37.50 116.71 157.19 340.60 273.90
Carolina Panthers 50.00 156.16 174.94 315.80 331.10
Chicago Bears 43.80 93.24 217.06 337.80 310.30
Cincinnati Bengals 62.50 128.48 180.63 301.40 309.10
Cleveland Browns 31.30 130.45 129.75 389.30 260.20
Dallas Cowboys 68.80 131.46 267.94 315.90 399.40
Denver Broncos 50.00 114.71 226.69 315.00 341.40
Detroit Lions 12.50 101.00 198.00 392.10 299.00
Green Bay Packers 68.80 117.85 261.25 284.40 379.10
Houston Texans 56.30 92.23 290.88 324.90 383.10
Indianapolis Colts 87.50 80.91 282.19 339.20 363.10
Jacksonville Jaguars 53.80 126.85 209.75 352.30 336.60
Kansas City Chiefs 25.00 120.58 182.63 388.20 303.20
Miami Dolphins 43.80 139.48 198.13 349.30 337.60
Minnesota Vikings 75.00 119.85 259.75 305.50 379.60
New England Patriots 62.50 120.05 277.25 320.20 397.30
New Orleans Saints 81.30 131.61 272.19 357.80 403.80
New York Giants 50.00 114.81 251.19 324.90 366.00
New York Jets 56.30 172.25 148.75 252.30 321.00
Oakland Raiders 31.30 106.29 159.81 361.90 266.10
Philadelphia Eagles 68.80 102.34 255.56 321.10 357.90
Pittsburgh Steelers 56.30 112.05 259.25 305.30 371.30
Saint Louis Rams 6.30 111.50 167.88 327.00 279.38
San Diego Chargers 81.30 88.94 271.13 326.40 360.06
San Francisco 49ers 50.00 100.00 190.75 356.40 290.75
Seattle Seahawks 31.30 97.86 218.94 372.80 316.80
Tampa Bay Buccaneers 18.80 101.69 185.81 365.60 287.50
Tennessee Titans 50.00 161.96 189.44 365.60 351.40
Washington Redskins 25.00 94.38 218.13 319.70 312.50

Solutions

Expert Solution

a. The regression of wins to yards made regression output is as below.

1) The slope is about 0.386, and the standard error is 0.05838. The null would be , and the alternate hypothesis would be .

The t-statistic is (checking for rounding errors), as given. The critical t-would be , and since (two-way test), we may reject the null. Hence, the slope coefficient is indeed significant (different from zero), which can be matched with the fact that the p-value of the calculated t in the regression is indeed less than 0.05.

2) The fit of the line can be checked with the R-squared (goodness of fit) and the F-statistic (significance of goodness of fit). We have , meaning that 59.31% of the variation in wins is explained by the yards made variable. The F-statistic of 43.72 is significant with its low p-value, suggesting that the R-squared is significant.

3) The slope means that, for a unit increase in the yards made, the wins increases by 0.386 units on average.

b. The regression output is as below.

1) The slope is about -0.3002, and the standard error is 0.1041. The null would be , and the alternate hypothesis would be .

The t-statistic is (checking for rounding errors), as given. The critical t-would be same , and since (two-way test), we may reject the null. Hence, the slope coefficient is indeed significant, which can be matched with the fact that the p-value of the calculated t in the regression is indeed less than 0.05.

2) The fit of the line can be checked with the R-squared (goodness of fit) and the F-statistic (significance of goodness of fit). We have , meaning that 21.71% of the variation in wins is explained by the yards made variable. The F-statistic of 8.32 is significant with its low p-value (less than alpha of 0.05), suggesting that the R-squared is significant.

3) The slope means that, for a unit increase in the yards made, the wins decreases by 0.3002 units on average.

c. The yards made variable is a better at explaining the wins variable, since it have higher R-square. The comparison of two models with respect to their R-square is valid only when the dependent variable is the same, which is indeed the same in this case. Both of the model have significant R-square, but the variation in the wins is explained more by the yards made variable (59.31%) than the yards allowed variable (21.71%).


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