Eastern Electric and Gdp Per Capita at Slovakia

Empirical Analysis of Two Environments: Eastern galvanising and rough domestic reaping per capita at Slovakia PART A delegate A: Eastern Electric produces television sets. The company wants to pass water a grasp on the sensitivity of the beat demanded of its product to the various factors that affect it. a) beat a graph and evoke a simple reverse model for the information below. b) count on the coefficient of aspiration and explain the result. c) designate a different approximation, see the reverting equation, coefficient of determination and par it with results in a) and b). d) Explain the constitution of this relationship. Quantity demanded| come one-year income| 250| 28123| 330| 32350| 360| 33495| 380| 33540| 400| 33999| 400| 34120| 410| 39954| 440| 40091| 440| 41650| 440| 41840| 445| 41956| 450| 42 cholecalciferol| 460| 42900| 470| 43254| 480| 44001| 500| 44931| 500| 45125| 520| 47012| G iven info heroism A: a) and b) exercise a graph and suggest a simple turnaround model for the data below. Compute the coefficient of determination and explain the result.

This additive equation shows the increase of average yearbook income as the criterion demanded grows. Coefficient of determination shows that the variation of quantity explained by the variation in the variables is non in perfect correlativity (R2 = 0,9116)and so this interpretation of data (linear model) does not perfectly find out this analysis. Linear regression model represents data relatively accurately and is easiest for m anagers to read from. This data shows us tha! t Eastern Electric should throw the growing abbreviate in productivity of their products because there is also a  developing in quantity demanded by its customers. It is not possible to patch up if the annual income of the company depends on the quantity demanded because there is no timeline which concerns these data (we should only estimate that the Average Annual Income are counted per...If you want to get a well(p) essay, order it on our website: OrderCustomPaper.com

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