The purpose of this assignment is to apply simple regression techniques to find

by | Jun 21, 2022 | Statistics

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The purpose of this assignment is to apply simple regression techniques to find factors that determine the car values.
1. Open the dataset of FamilySedans (attached) and read the case entitled “Finding the Best Car Value” in its entirety at the end of Chapter 14.
2. Use descriiptive statistics to summarize the data and make comments on them.
3. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the price of the car.
4. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the five-year owner costs.
5. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the road-test score.
6. Use regression analysis to develop an estimated regression equation that could be used to predict the value score given the predicted-reliability.
7. What conclusions can you derive from your analysis?

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