1. Qeach brand t=β0+β1*PMinute Maid t+β2*PTropicana t+β3*PPrivate label t+ueach brand t Q: quantity P: price By running the above regression model for each brand‚ we got the following elasticity matrix and the figures for “V” and “C.” Note that we used the average price and quantity for P and Q to calculate each brand’s elasticity. Price Elasticity | Tropicana | Minute Maid | Private Label | Tropicana | -3.4620441 | 0.40596537 | 0.392997566 | Minute Maid | 1.8023329 | -4.26820251 | 0.765331803
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DETERMINANTS AND ECONOMIC CONSEQUENCES OF COLONIZATION: A GLOBAL ANALYSIS Arhan S. Ertan‚ Louis Putterman Abstract Existing research in the area of economic growth suggests that the era of colonization has had an impact upon the modern levels of economic development of countries around the globe. However‚ why some countries were colonized early‚ some late‚ and others not at all‚ and what effect these differences have on current national income‚ has not been studied systematically. In the first part
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last week in St. Paul‚ Minnesota‚ is selected. Can we conclude that‚ as the size of the home (reported below in thousands of square feet) increases‚ the selling price (reported in $ thousands) also increases? * Compute the coefficient of correlation. * = [12(1344) – (13.8)(1160)]/12(16.26) – (13.8)2][12(114850) – (1160)2]=0.30722 * Determine the coefficient of determination * r2 = 256.4103/2716.667=0.09438 * df = 12 -2 = 10 * table b2 t = 1.812; Reject the H0
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Cox Regression Models Questions with Answers Worked Example An investigation is carried out into popularity of new cars being bought in the showroom of a Mercedes dealer. Data recorded for each car included colour‚ engine size and car type. A Cox proportional hazards model was fitted to the data and the results are given below: Write down the Cox hazard function according to this model. With regards to the model you have written down above state the following: • To which class of car does the
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Linear Regression & Best Line Analysis Linear regression is used to make predictions about a single value. Linear regression involves discovering the equation for a line that most nearly fits the given data. That linear equation is then used to predict values for the data. A popular method of using the Linear Regression is to construct Linear Regression Channel lines. Developed by Gilbert Raff‚ the channel is constructed by plotting two parallel‚ middle lines above and below a Linear Regression
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1. Calculate real GDP for 2004 and 2005 using 2004 prices. To calculate the real GDP we use the constant price for 2004 which was $20. Real GDP (base year 2004) 2004 ($20 per CD x 100 CD’s) + ($110 per racquet x 200 racquets) = 24000 2005 ($20 per CD x 120 CD’s) + ($110 per racquet x 210 racquets) = 25500 By what percentage did real GDP grow? Because the Real GDP was $24000 in 2004 and $25500 in 2005‚ real GDP grew by ($25500 - $24000) / $24000 = 0.0625 or 6.25% 2. Calculate the
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CORRELATION RESEARCH DEFINITION: Correlational research tests for statistical relationships between variables. The researcher begins with the idea that there might be a relationship between two variables. She or he then measures both variables for each of a large number of cases and checks to see if they are in fact related. The relationship of interest could be either a D relationship or an R relationship‚ so this might involve making a bar graph and computing D or making a line graph
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Scot Lamothe 4/24/2013 Fine arts 204.01 Achilles and Ajax playing Dice On April 17th‚ we went to the museum of fine arts in Richmond Virginia. There I saw an ancient pot on display. The pot was a black figure amphora that is round and had an approximately height of 16 inches. The amphora is made of terracotta clay‚ and is thought to have been made around 510 BC. The pot is circular with a neck at the top which allows for pouring. The base of the neck is the widest point of the amphora which
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causation and correlation but there are also just as many differences. Causation is when one or more factors contribute to the effect. As said in the PowerPoint review‚ for example‚ if you switch a light switch on it causes the light turns on. The one factor of flipping the light switch on causes the effect of the light to turn on. Correlation is when two or more factors contribute to one effect. There is two different types of correlation. One type of correlation is high correlation which is when
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Quick Stab Collection Agency: A Regression Analysis Gerald P. Ifurung 04/11/2011 Keller School of Management Executive Summary Every portfolio has a set of delinquent customers who do not make their payments on time. The financial institution has to undertake collection activities on these customers to recover the amounts due. A lot of collection resources are wasted on customers who are difficult or impossible to recover. Predictive analytics can help optimize the allocation of
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