QNT 275 Week 4 Regression Analysis – Learning Activities Required (Participation Responses)

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QNT 275 Week 4 Regression Analysis – Learning Activities Required (Participation Responses)
QNT 275 Week 4 Regression Analysis – Learning Activities Required (Participation Responses)
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Year: 2016
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  • Description

QNT 275 Week 4 Regression Analysis

Learning Activities Required

 

Linear Regression

 

Regression Line Example

 

Scatter Diagrams

 

Correlation and Causality

 

Using Time Series to Analyze Business Trends

 

Successful Forecasting

 

Essentials of Business Statistics, Ch. 1

 

Essentials of Business Statistics, Ch. 3

 

Essentials of Business Statistics, Ch. 12

 

Essentials of Business Statistics, Ch. 13

 

Career Connection Discussion: Forecasting

Career Connection Discussion: Forecasting

  • Completed (REQUIRED)

  • Discussion

  • 3

Objectives:

Discuss the following:

  • What have learned throughout this course with probability and how do you think that will affect your forecasting decisions in your current or future company?

  • How do you foresee yourself using probability in your current or future company?

 

 

 

 

Week 4 Learning Team Collaboration Discussion: Linear Regression

Resource: Case Study 12.1 in Chapter 12 of Essentials of Business Statistics.

Access the Sushi Restaurant data set.

Calculate the linear regression in item 1 of the case study.

Discuss with your team:

  • Is simple regression or multiple regression more appropriate for making predictions in this case? Why?

  • What predictions can you make for sales based on unemployment rate and the level of advertising? What leads you to those predictions?