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

https://uopcourses.com/category/qnt-275/



QNT 275 Week 4 Regression Analysis

Learning Activities Required

 

 

 

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?



 
Powered by