Sample Regression Problem

Sheet1

next year price is $10 and forecast with 99% confidence
Sales Price
80 15 SUMMARY OUTPUT
120 13
110 12 Regression Statistics
140 11 Multiple R 0.8109307589
100 12 R Square 0.6576086957
Adjusted R Square 0.5434782609 Sales = 260.65- 11.9 (PRICE) Talpha for 99% 5.8409093097
Standard Error 15.1083046556 Forecast Ycap = 141.0869565217 forecast for year 6
Observations 5 Est Error 88.2462373169
fails F test
ANOVA critical F 10.127964486
df SS MS F Significance F
Regression 1 1315.2173913044 1315.2173913044 5.7619047619 0.0958402802
Residual 3 684.7826086957 228.2608695652
Total 4 2000
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 260.652173913 63.1240115309 4.129208008 0.0257639049 59.7633966417 461.5409511844 59.7633966417 461.5409511844
Price -11.9565217391 4.981060538 -2.4003967926 0.0958402802 -27.8084794447 3.8954359664 -27.8084794447 3.8954359664
critical T 3.1824463053 Price failed T test
RESIDUAL OUTPUT
Y Ycap Y-Ycap Abs(err) Err^2 APE
Observation Predicted Sales Residuals
80 1 81.3043478261 -1.3043478261 1.3043478261 1.7013232514 1.6304347826
120 2 105.2173913043 14.7826086957 14.7826086957 218.5255198488 12.3188405797
110 3 117.1739130435 -7.1739130435 7.1739130435 51.4650283554 6.5217391304
140 4 129.1304347826 10.8695652174 10.8695652174 118.1474480151 7.7639751553
100 5 117.1739130435 -17.1739130435 17.1739130435 294.943289225 17.1739130435
10.2608695652 136.9565217391 9.0817805383
MAD MSE MAPE


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