Question

In: Statistics and Probability

Multiple Regression Analysis was used to find out which X variable have relationship with my Y...

Multiple Regression Analysis was used to find out which X variable have relationship with my Y variable (reduce overspending on food and beverage), and how strong relationship is.FIT A FIRST ORDER AUTO AGGRESSIVE MODEL (AR(1) USING Y(T) AS THE RESPONSE VARIABLE Y (T-1) AS THE INPUT VARIABLE. RECORD THE REGRESSION EQUATION. CALCULATE THE EXPONENTIAL SMOOTHING MODELS AND CALCULATE A MOVING AVERAGE MODEL.

4-Mar $31.69
5-Mar $4.19
5-Mar $19.01
5-Mar $7.99
6-Mar $3.32
6-Mar $57.11
7-Mar $4.07
8-Mar $2.49
8-Mar $6.30
11-Mar $4.48
11-Mar $52.32
13-Mar $32.21
13-Mar $7.84
13-Mar $2.99
14-Mar $10.58
14-Mar $2.99
15-Mar $4.24
16-Mar $24.00
$277.82

Solutions

Expert Solution

1) FIRST ORDER AUTO AGGRESSIVE MODEL (AR(1) USING Y(T) AS THE RESPONSE VARIABLE Y (T-1)

The regression equation is
Y = 15.8 - 0.087 Y (T-1)

2) The Exponential smoothing model is

3) The Moving Average model is

Moving Average of Length 2 results

Time Y MA Predict Error
4-Mar 31.69 * * *
5-Mar 4.19 17.94 * *
5-Mar 19.01 11.6 17.94 1.07
5-Mar 7.99 13.5 11.6 -3.61
6-Mar 3.32 5.655 13.5 -10.18
6-Mar 57.11 30.215 5.655 51.455
7-Mar 4.07 30.59 30.215 -26.145
8-Mar 2.49 3.28 30.59 -28.1
8-Mar 6.3 4.395 3.28 3.02
11-Mar 4.48 5.39 4.395 0.085
11-Mar 52.32 28.4 5.39 46.93
13-Mar 32.21 42.265 28.4 3.81
13-Mar 7.84 20.025 42.265 -34.425
13-Mar 2.99 5.415 20.025 -17.035
14-Mar 10.58 6.785 5.415 5.165
14-Mar 2.99 6.785 6.785 -3.795
15-Mar 4.24 3.615 6.785 -2.545
16-Mar 24 14.12 3.615 20.385

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