Purchase Solution

Multiple Regression Analysis

Not what you're looking for?

Ask Custom Question

See the attached file.

Municipalities and states have been asked by the Department of Energy to assess their energy requirements for each of the alternative fuels. In particular, they have decided to focus initially on natural gas, given the enormity of U.S. reserves and its relative cleanliness. Following is the available data and variables on fuel consumption for selected municipalities in Illinois, along with the resulting regression output.

Following is the regression output for selected municipalities in Illinois for 10 reporting periods (weeks). The dependent variable is consumption of natural gas in millions of cubic feet (Fuelcons) and the independent variables are the temperature (Temp), measured in degrees Fahrenheit, and a â??chill indexâ? (Chill), which takes values from 0 to 30, and which includes other fuel consumption determinants besides temperature, such as wind speed and direction, and cloud cover.

Standard Error =
Express your answer to three decimal places.

Interpretation of the Standard Error:

A. This tells us how much the observed fuel consumption values vary from the predicted values.

B. This tells us how much the fuel consumption will increase (in millions of cubic feet) for each drop in temperature of 1 degree (Fahrenheit), holding constant the chill index.

C. This tells us the mean fuel consumption we should expect for any specific given temperature and chill index.

D. This tells us how much we should expect the temperature to drop for each increase in chill index of 0.0939.

E. This value has no practical importance.

Please select your choice: A, B, C, D, or E

Attachments
Purchase this Solution
Solution Summary

The solution provides step by step method for the calculation of multiple regression model. Formula for the calculation and Interpretations of the results are also included.

Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

View More Free Quizzes
Related BrainMass Solutions

  • Purpose and interpretation of multiple regression analysis

    472787 What purpose does a multiple regression analysis serve? What purpose does a multiple regression analysis serve? Give an example of how it might be used in marketing research.

  • Data Analysis: Multiple Regression

    Basically we want to see which variables are able to predict the dependent variable using the multiple regression. This solution is comprised of a detailed explanation of multiple regression analysis.

  • Multiple Regression Analysis and Least Squares Regression

    Do you have an example of how to set up excel program for a multiple regression analysis? When you do a multiple regression analysis, you make one equation relating one dependent variable (y) to several independent variables (x's).

  • Multiple regression analysis of Starbuks and DJIA data

    107237 Multiple regression on Starbuks and DJIA data Can you perform a multiple regression analysis with the data you have been collecting without changing that data or adding to it? Why or why not?

  • Important Information About Statistical Techniques

    Multiple linear regression, discriminate analysis, canonical correlation and multivariate analysis of variance is examined.

  • Multiple regression analysis with the attached data

    133196 Multiple regression analysis with the attached data 1. Can I perform a multiple regression analysis with the attached data that I've collected without changing that data or adding to it?

  • Is an F-statistic used to test the global hypothesis

    Yes or no: Is an F-statistic used to test the global hypothesis in multiple regression analysis? Yes, F statistic is used to test the global hypothesis in Multiple Regression analysis.

  • Multiple Regression

    371576 Multiple regression analysis: leadership change Give an example of how you may use multiple regression to answer a question related to the impact of leadership change on employee attitudes scores, teambuilding training and performance outcomes.

  • Design of Experiments

    Regression analysis shows how the typical value of the dependent variable changes when any of the independent variables changes. Multiple Regression analysis is used mainly in forecasting and estimation.

  • Multiple regression

    207261 Multiple regression equation. Given the computer output from a regression analysis, write the regression equation, describe the variables, and decide of some of the variables should be eliminated from the equation.

View More Related Solutions