Regression Analysis Notes - Regression Analysis: Q versus...

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Unformatted text preview: Regression Analysis: Q versus P, M, Pai, PbMac The regression equation is Q = 1.18 - 0.213 P + 0.000091 M + 0.101 Pai + 0.0718 PbMac REGRESSION EQUATION; Checkers Pizza Price, Independent Variable = Inverse Relationship to Sales P = C ; C = P . Westburys Income, Independent Variable, a one percent increase in income leads to an increase in quantity demanded of .00009 or about one pizza per month = Normal Good because I (income) is (+) with a Direct Relationship to Quantity and Price. Als Pizza, Independent Variable = Price of a Related Good PR Inverse Relationship To Substitute P = Q . McDonalds Big Mac, Independent variable = Price of a Related Good PR Inverse Relationship To Substitute P = Q . Coefficient of Determination, Out of 100%, the data is 4.5% unexplained and only 95.5% of the four independent variables is explained = 100:(?) (-)/1. Predictor Coef SE Coef T P Constant 1.1838 0.5063 2.34 0.030 P REGRESSION EQUATION; Checkers Pizza Price, Independent Variable = Inverse Relationship to Sales P = C ; C = P . Westburys Income, Independent Variable, a one percent increase in income leads to an increase in quantity demanded of .00009 or about one pizza per month = Normal Good because I (income) is (+) with a demanded of ....
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This note was uploaded on 04/24/2011 for the course MANAGEMENT PMP 575 taught by Professor Mr.go during the Spring '11 term at Robert Morris DUPLICATE.

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Regression Analysis Notes - Regression Analysis: Q versus...

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