Day27 - Regression of Price of beer on beer...

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Regression of Price of beer on beer characteristics. Price($) Calories %Alcohol Content Craft Lager 1 if Cr Lager, 0 if not default is no alcohol beer Craft Ale 1 if Cr Ale, 0 if not default is no alcohol beer Imported Lager 1 if Imp Lager, 0 if not default is no alcohol beer Regular and Ice bee 1 if regular or ice beer, 0 if not default is no alcohol beer Country of Origin 1 is US, 0 is imported. SUMMARY OUTPUT Regression Statistics Multiple R 0.842 R Square 0.708 Adjusted R Square 0.67 Standard Error 0.825 Observations 69 ANOVA df SS Regression 7 100.802 Residual 61 41.482 Total 68 142.284 Coefficientandard Er t Stat P-valueLower 99.0%Upper 99.0% Intercept 5.139 0.858 5.989 0.000 2.857 7.420 Calories 0.002 0.010 0.206 0.837 -0.026 0.030 % Alcohol Content 0.064 0.141 0.457 0.649 -0.311 0.440 Craft Lager 0.860 0.592 1.451 0.152 -0.716 2.435 Craft Ale 2.349 0.654 3.593 0.001 0.611 4.088 Imported Lager 0.053 0.670 0.079 0.937 -1.728
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This note was uploaded on 07/01/2011 for the course ECO 370 taught by Professor Camp during the Spring '11 term at Indiana State University .

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Day27 - Regression of Price of beer on beer...

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