{"id":113431,"date":"2023-01-24T06:40:54","date_gmt":"2023-01-24T06:40:54","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/econ-excel-statistical-anova-table-data-analysis\/"},"modified":"2023-01-24T06:40:54","modified_gmt":"2023-01-24T06:40:54","slug":"econ-excel-statistical-anova-table-data-analysis","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/econ-excel-statistical-anova-table-data-analysis\/","title":{"rendered":"Econ- excel, statistical, anova table, data analysis"},"content":{"rendered":"<div>\n<p>\u00a0&#8211; Download <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/calstatela.instructure.com\/courses\/82405\/modules\/items\/4790293\"><u>EconProject_Data.csv<\/u><\/a> from the attached<\/p>\n<p>&#8211; use Excel to perform various statistical functions that are stated in the Grading Rubric &amp; Project Questions section below.<\/p>\n<p>-Using Word, you will answer the 12 questions found in the Grading Rubric &amp; Project Questions section below.<\/p>\n<p>1. How many data points are in your final analysis?<\/p>\n<p>2. What is the average, median, variance and standard deviation of each variable?<\/p>\n<p>3. Graph each variable using a bar chart.<\/p>\n<p>4. Is there any skewness in the data? \u00a0Which direction?<\/p>\n<p>5. What is the cause of the skewness?<\/p>\n<p>6. Which wines are possible outliers and why?<\/p>\n<p>7.a. Create scatter plots between the dependent and each independent variable.<\/p>\n<p>b. Produce the R2 value for each scatterplot.<\/p>\n<p>c. Produce the correlation values for each scatterplot.<\/p>\n<p>d. Which scatterplot shows the strongest and weakest relationship?<\/p>\n<p>8. Determine the multiple regression formula using all independent variables. \u00a0Show the ANOVA table.<\/p>\n<p>9. What is the coefficient of determination, and adjusted coefficient of determination? \u00a0What do these values illustrate?<\/p>\n<p>10. At what point\/value is each independent variable significant? \u00a0What does a 1 unit increase in each independent variable do to the dependent variable?<\/p>\n<p>11. What is the mean squared error for this model? \u00a0What does it mean?<\/p>\n<p>12. Using 1% &amp; 5% alphas, test the overall significance of the model.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0&#8211; Download EconProject_Data.csv from the attached &#8211; use Excel to perform various statistical functions that are stated in the Grading Rubric &amp; Project Questions section below. -Using Word, you will answer the 12 questions found in the Grading Rubric &amp; Project Questions section below. 1. How many data points are in your final analysis? 2. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-113431","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/113431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=113431"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/113431\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=113431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=113431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=113431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}