Interpretation of Regression Results - Essay Example

Comments (0) Cite this document
The multiple regression analysis has not only highlighted the relationship between the dependent and independent variables but it has also explained the extent to which these variables are…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
Interpretation of Regression Results
Read TextPreview

Extract of sample "Interpretation of Regression Results"

Download file to see previous pages For the hypothesis to be true, the signs of the coefficients are expected to be positive. The positive coefficient signs would indicate the positive relationship between the independent variables (temperature, humidity, wind and dummy variables) and the dependent variable (bundled load).
Coefficients: The signs of all coefficients of variables are positive whereas, that of intercept is negative. The negative value of coefficient of intercept means that the regression line intersects with Y-axis below zero. The positive signs and significant values of coefficients reflect a positive relation between the dependent and independent variables. The value of coefficient of temperature is 47.64. It means that if temperature or x1 variable increases by 1 degree Fahrenheit, the bundled load will increase by 47.64 Megawatt/hour provided all other variables are constant. If humidity increases by 1 percent, the bundled load will increase by 11.52 Megawatt/hour. Similarly, if wind speed increases by 1 mph, the bundled load will increase by 10.15 Megawatt/hour. Moreover, the coefficient of dummy1 is zero, showing no relation between the dummy1 and bundled load whereas; the coefficient of dummy2 is 49.73, showing a positive relation between dummy2 and bundled load.
The standard error shows the amount of variability of the data points around the regression line and in this regression analysis, the standard errors for all the variables is very small. The small values of the standard errors show that the data points are closely distributed around the regression line.
The value of p is greater than 0.05 for three independent variables including temperature, humidity and wind speed. However, for the dummy1, it is zero and for dummy2, it is less than 0.05. If the p-values for all the variables would have been equal or less than 0.0, then the null ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Interpretation of Regression Results Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from
(Interpretation of Regression Results Essay Example | Topics and Well Written Essays - 1250 Words)
“Interpretation of Regression Results Essay Example | Topics and Well Written Essays - 1250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Interpretation of Regression Results

Multiple Regression

...: Results of simple OLS regression, all variables included Before interpreting the coefficients we look at the individual and joint significances of the estimated coefficients. From the upper right hand panel we find that F(8, 41) = 11.43 and prob>F =0.000. Recall that the null hypothesis of the f-test is that all coefficients are jointly zero. From the computed statistic and the associated p-value we reject the null hypothesis. Thus, at least one of the parameters is non-zero. Now, from the lower panel in table 1 looking at the 3rd column (t-values) and the 4th column (p values) we can identify which coefficients are significantly different from zero. The null hypothesis of the t-test is...
6 Pages(1500 words)Essay

Multiple Regression

...variable, such a model is of limited value because the predictions made from such models are too inaccurate to be useful in a real-world setting. Thus, when one wants to be able to predict an outcome at a more precise level, it is more advantageous to use the information that may be provided by two or more variables in an explanatory framework (Burt, Barber, & Rigby, 2009). Thus, multiple regression analysis should allow an analyst to arrive at better predictions. For example, a student may want to find out the perfect model to getting high grades in school. Using the results of his individual exams as the dependent variable, he may hypothesize that amount of time spent studying, amount of sleep taken...
20 Pages(5000 words)Term Paper


...?Interpretation Many experts, whether social, economic, or political, agree with the common phrase that no man is an island, a concept that may applyboth literally and constructively. In economic set ups for example, sellers, and buyers influence one another in relationships that depend on general market trends. Such trends are however established by collective impacts from individual members of the society. Political environments also identify collective positions that are sometimes so intense to determine people’s behaviors at personal levels. The greatest sense in the phrase is however noted in social set-ups in which culture and traditional beliefs are significant in people’s lives. I, in this paper, explore the...
4 Pages(1000 words)Essay

Regression Paper

...Regression Paper Table Linear Regression Table on Annual Wage Indicators Mean Std. Deviation Correlation t Sig. Interpretation r2 .227a Industry .2300 .48938 -.008 -.325 .746 significant linear relationship Occupation 2.5700 1.81606 .041 .978 .331 insignificant linear relationship Southern Resident .3300 .47258 -.081 -.802 .425 significant linear relationship Nonwhite .1000 .30151 -.122 -1.56 .122 significant linear relationship Hispanic .0600 .23868 .038 .034 .973 significant linear relationship Marriage .6700 .47258 .248 2.482 .015 insignificant linear relationship Female .4700 .50161 -.356 -4.07 .000 significant linear relationship Union...
3 Pages(750 words)Essay

Analysis of Saudi Mutual Funds Regression Results

...Interpretation of Results of Regression Analysis A total of 38,589 observations were made on 217 Saudi mutual funds. Out of these, the minimum number of observations per group was 11 while the most number of observations were 219. These figures led to an average of 178 observations. The correlation coefficient r-squared of 0.2043 indicates that 20.43% of the total weekly returns can be accounted for by the benchmarks involved in the study. Among the twelve benchmarks used for the performance evaluation exercise, results from the regression analysis conducted indicate that eight are statistically significant predictors of weekly returns generated by Saudi...
3 Pages(750 words)Speech or Presentation


...Arch 330: Week 2: Beauty [Today’s Interpretation Litter comprises of any waste products such as papers, containers, faeces or wrappers that have been disposed off without consent or care. The term litter can also be used as a verb to describe the action of deliberately throwing objects on the ground and not removing them. Littering is very different from disposing them off properly in the designated areas. Littering is a serious environmental issue in very many states because it has negative impacts (Hill, p. 97). The sound bite in this case is “Singapore: Litter free.” Here, we see a litter bin along one of the streets in Singapore next to the wall. The architectural design of the floor of the street and the wall shows...
2 Pages(500 words)Essay

Linear Regression and Regression Analysis

...and explanatory variable(s) X. The model for linear regression requires that the variables take up the relationship illustrated below: Therefore, regression analysis is the process of determining the parameters that make up the equation defining that defines the relationship between the variables. This forms the basis for further evaluation of the variables through an in-depth analysis of the basic components of the equation that would result into a line of best fit. Regression analysis is defined on basis of the goal of conducting regression, which is to develop a line of best fit for the variables under investigation (Kahane, 2001). 1. The goal of...
2 Pages(500 words)Assignment

Regression Analysis

...Crime Statistics and Regression Model Literature Review In order to gain a better understanding of a particular area of study, it is important to review the literature. This will provide the necessary background information and a better understanding of what has been done before and what further work needs to be done. A literature review provides information on conflicting information in different studies and may also provide information on the reliability of the information obtained on the basis of the data used and the methodology employed in carrying out the research studies. It may also provide valuable information on how best to conduct a study of this type based on the criticisms noted in other studies. It may also direct... in...
8 Pages(2000 words)Research Paper


...COSMOPOLITANISM, MEANING AND INTERPRETATION [Insert al Affiliation] After reading Koichi Iwabuchi’s article, one term that candidlystood out for me is cosmopolitanism. The term is a key one appearing in various pages on the masterpiece and goes a long way in bolstering our understanding of the material. Due to this ostensible fact, I found it important to try and describe its meaning derived from the reading and uncover the bearing that it has in understanding this week’s readings. Cosmopolitanism, according to the reading, implies the idea that human beings, Japanese in this scenario, originated from a common ancestry and we, therefore, share a lot. Apparently, the common ancestry implies that we share several ideas, customs... MEANING AND...
2 Pages(500 words)Essay


... and link it to the “old culinary culture” (Rumi, 2011, pp. 99-117). The success of a culturally oriented product could be termed as an aspect of cultural innovation that when properly applied to an economic sector, could be used to derive economic values. The success of sushi, for instance, could point at how the innovation that resulted from the Japanese culture has revolutionized the relationship between culture and trade in the current world making culture a key recipe for economic benefit. Bibliography Rumi sakamoto & Matthew Allen. There’s something fishy about that sush: How japan interpretes the global sushi boom. 2011... Interpretation Culture is an aspect of life that defines the people of a particular region or...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Interpretation of Regression Results for FREE!

Contact Us