# Lect24 - The Multiple Regression Model Interpreting...

This preview shows pages 1–4. Sign up to view the full content.

The Multiple Regression Model Interpreting Multiple Regression Outline The Multiple Regression Model Interpreting Multiple Regression Checking Conditions Inference in Multiple Regression Inference for the Model: F - test Inference for One Coefﬁcient Prediction Intervals 1 / 12 ISOM 2500 Lect 24: Multiple Regression

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
The Multiple Regression Model Interpreting Multiple Regression Women’s Apparel Stores How do the afﬂuence of the local population and the number of competitors inﬂuence sales at stores in a chain of women’s apparel stores? A regression that describes these sales would be useful for choosing new locations for stores as well as evaluating current franchises. Each of the 65 stores in our data is located in a shopping mall and occupies 3000 square feet. One explanatory variable is the median household income of the area served by the mall (in thousands of dollars) The other explanatory variable is the number of competing apparel stores in the same mall. The response is the annual sales (measured in dollars per square foot of space) Need to use Multiple Regression. Use Multiple Regression to describe the relationship between several explanatory variables and response 2 / 12 ISOM 2500 Lect 24: Multiple Regression
The Multiple Regression Model Interpreting Multiple Regression The Multiple Regression Model Multiple regression model (MRM) : model for the association in the population between multiple explanatory variables and a response.

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 12

Lect24 - The Multiple Regression Model Interpreting...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online