In: Statistics and Probability
Do not use this data if your class time is not 9:30AM Monday and Wednesday | ||||||||
Location | Sales (in thousands) | Advertising(in thousands) | Adv^2 | Years in Business | Adv * Years | Dwest | Dsouth | |
South | 340 | 8 | 4 | |||||
North | 651 | 42 | 6 | |||||
West | 459 | 35 | 2 | |||||
West | 1400 | 64 | 16 | |||||
North | 943 | 40 | 11 | |||||
South | 425 | 24 | 4 | |||||
West | 589 | 10 | 8 | |||||
South | 492 | 17 | 7 | |||||
North | 490 | 15 | 8 | |||||
South | 920 | 33 | 15 | |||||
North | 1040 | 45 | 14 | |||||
West | 403 | 30 | 3 | |||||
South | 594 | 27 | 8 | |||||
South | 599 | 30 | 10 | |||||
West | 293 | 12 | 4 | |||||
North | 855 | 40 | 12 | |||||
South | 343 | 19 | 6 | |||||
West | 891 | 45 | 12 | |||||
North | 395 | 20 | 3 | |||||
West | 862 | 40 | 12 | |||||
South | 350 | 12 | 5 | |||||
West | 871 | 48 | 11 | |||||
North | 405 | 22 | 2 | |||||
South | 193 | 8 | 3 | |||||
South | 185 | 10 | 2 | |||||
***To use the Data Analysis feature with Excel 2016, click the File tab on the top left; Excel Options; Add-ins; Manage Add-ins; and the Analysis Toolpak. | ||||||||
***With a MAC, only the last version of Excel has the Data Analysis button. Use the 'TOOLS' menu at the top, and then select Add-ins. | ||||||||
Assignment: We are trying to explain the variation in Sales from storefront to storefront using Advertising budgets, Years in Business, and store location. Adv^2 is a quadratic term for Advertising. Adv*Years is an interaction term. For store location, North will be the omitted category or null state, and DSouth and DWest are Dummy Variables for stores located in the South or West. | ||||||||
Complete the data for Adv^2, Adv*Years, South, and West. Regress Sales on Advertising, Adv^2, Years in Business, Adv*Years, South, and West. Place the Regression Output on it's own worksheet. | ||||||||
Type your name on the Regression Output. This signifies that you completed the assignment. The penalty for submitted a work not your own or allowing another to copy your work is a 0 for the course. | ||||||||
1. Type on the Regression output page which regressors are significant at the 5% level of significance and why. | ||||||||
2. Predict Sales for a store in the West with $30,000 in advertising expenditures and 5 years in business. | ||||||||
3. Rank the regions based on sales from highest to lowest, holding adv and years in business constant. HOW DO I PUT THIS IN EXCEL AND MAKE A REGRESSION? i tried usuing the data analysis button and it wont pull up my regression table and id ont know if its because i dont know what the Y and X are or if it is because there are blanks? |
data
fill all the columns as per requirement
adv^2 = adv*adv
adv*years ,
Dwest = if ( location = "west" , 1,0) in excel
Location | Sales (in thousands) | Advertising(in thousands) | Adv^2 | Years in Business | Adv * Years | Dwest | Dsouth |
South | 340 | 8 | 64 | 4 | 32 | 0 | 1 |
North | 651 | 42 | 1764 | 6 | 252 | 0 | 0 |
West | 459 | 35 | 1225 | 2 | 70 | 1 | 0 |
West | 1400 | 64 | 4096 | 16 | 1024 | 1 | 0 |
North | 943 | 40 | 1600 | 11 | 440 | 0 | 0 |
South | 425 | 24 | 576 | 4 | 96 | 0 | 1 |
West | 589 | 10 | 100 | 8 | 80 | 1 | 0 |
South | 492 | 17 | 289 | 7 | 119 | 0 | 1 |
North | 490 | 15 | 225 | 8 | 120 | 0 | 0 |
South | 920 | 33 | 1089 | 15 | 495 | 0 | 1 |
North | 1040 | 45 | 2025 | 14 | 630 | 0 | 0 |
West | 403 | 30 | 900 | 3 | 90 | 1 | 0 |
South | 594 | 27 | 729 | 8 | 216 | 0 | 1 |
South | 599 | 30 | 900 | 10 | 300 | 0 | 1 |
West | 293 | 12 | 144 | 4 | 48 | 1 | 0 |
North | 855 | 40 | 1600 | 12 | 480 | 0 | 0 |
South | 343 | 19 | 361 | 6 | 114 | 0 | 1 |
West | 891 | 45 | 2025 | 12 | 540 | 1 | 0 |
North | 395 | 20 | 400 | 3 | 60 | 0 | 0 |
West | 862 | 40 | 1600 | 12 | 480 | 1 | 0 |
South | 350 | 12 | 144 | 5 | 60 | 0 | 1 |
West | 871 | 48 | 2304 | 11 | 528 | 1 | 0 |
North | 405 | 22 | 484 | 2 | 44 | 0 | 0 |
South | 193 | 8 | 64 | 3 | 24 | 0 | 1 |
South | 185 | 10 | 100 | 2 | 20 | 0 | 1 |
you can copy paste in excel directly below formulas
Location | Sales (in thousands) | Advertising(in thousands) | Adv^2 | Years in Business | Adv * Years | Dwest | Dsouth |
South | 340 | 8 | =C2*C2 | 4 | =E2*C2 | =IF(A2="West",1,0) | =IF(A2="South", 1,0) |
North | 651 | 42 | =C3*C3 | 6 | =E3*C3 | =IF(A3="West",1,0) | =IF(A3="South", 1,0) |
West | 459 | 35 | =C4*C4 | 2 | =E4*C4 | =IF(A4="West",1,0) | =IF(A4="South", 1,0) |
West | 1400 | 64 | =C5*C5 | 16 | =E5*C5 | =IF(A5="West",1,0) | =IF(A5="South", 1,0) |
North | 943 | 40 | =C6*C6 | 11 | =E6*C6 | =IF(A6="West",1,0) | =IF(A6="South", 1,0) |
South | 425 | 24 | =C7*C7 | 4 | =E7*C7 | =IF(A7="West",1,0) | =IF(A7="South", 1,0) |
West | 589 | 10 | =C8*C8 | 8 | =E8*C8 | =IF(A8="West",1,0) | =IF(A8="South", 1,0) |
South | 492 | 17 | =C9*C9 | 7 | =E9*C9 | =IF(A9="West",1,0) | =IF(A9="South", 1,0) |
North | 490 | 15 | =C10*C10 | 8 | =E10*C10 | =IF(A10="West",1,0) | =IF(A10="South", 1,0) |
South | 920 | 33 | =C11*C11 | 15 | =E11*C11 | =IF(A11="West",1,0) | =IF(A11="South", 1,0) |
North | 1040 | 45 | =C12*C12 | 14 | =E12*C12 | =IF(A12="West",1,0) | =IF(A12="South", 1,0) |
West | 403 | 30 | =C13*C13 | 3 | =E13*C13 | =IF(A13="West",1,0) | =IF(A13="South", 1,0) |
South | 594 | 27 | =C14*C14 | 8 | =E14*C14 | =IF(A14="West",1,0) | =IF(A14="South", 1,0) |
South | 599 | 30 | =C15*C15 | 10 | =E15*C15 | =IF(A15="West",1,0) | =IF(A15="South", 1,0) |
West | 293 | 12 | =C16*C16 | 4 | =E16*C16 | =IF(A16="West",1,0) | =IF(A16="South", 1,0) |
North | 855 | 40 | =C17*C17 | 12 | =E17*C17 | =IF(A17="West",1,0) | =IF(A17="South", 1,0) |
South | 343 | 19 | =C18*C18 | 6 | =E18*C18 | =IF(A18="West",1,0) | =IF(A18="South", 1,0) |
West | 891 | 45 | =C19*C19 | 12 | =E19*C19 | =IF(A19="West",1,0) | =IF(A19="South", 1,0) |
North | 395 | 20 | =C20*C20 | 3 | =E20*C20 | =IF(A20="West",1,0) | =IF(A20="South", 1,0) |
West | 862 | 40 | =C21*C21 | 12 | =E21*C21 | =IF(A21="West",1,0) | =IF(A21="South", 1,0) |
South | 350 | 12 | =C22*C22 | 5 | =E22*C22 | =IF(A22="West",1,0) | =IF(A22="South", 1,0) |
West | 871 | 48 | =C23*C23 | 11 | =E23*C23 | =IF(A23="West",1,0) | =IF(A23="South", 1,0) |
North | 405 | 22 | =C24*C24 | 2 | =E24*C24 | =IF(A24="West",1,0) | =IF(A24="South", 1,0) |
South | 193 | 8 | =C25*C25 | 3 | =E25*C25 | =IF(A25="West",1,0) | =IF(A25="South", 1,0) |
South | 185 | 10 | =C26*C26 | 2 | =E26*C26 | =IF(A26="West",1,0) | =IF(A26="South", 1,0) |
run regression
PLEASE RATE