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Predictive Analytics - Unit 4 - Week 2 - Questions

This document provides an overview of Unit 4 - Week 2 of a predictive analytics course which focuses on simple linear regression (SLR). It includes an introduction to SLR, types of regression, model building, coefficient interpretation, model validation, and the R-square statistic. It provides practice problems and a case-based ungraded assignment related to SLR and analyzing diabetes treatment cost data to estimate costs and confidence intervals.

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Karthikeyan Gopal
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© © All Rights Reserved
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883 views

Predictive Analytics - Unit 4 - Week 2 - Questions

This document provides an overview of Unit 4 - Week 2 of a predictive analytics course which focuses on simple linear regression (SLR). It includes an introduction to SLR, types of regression, model building, coefficient interpretation, model validation, and the R-square statistic. It provides practice problems and a case-based ungraded assignment related to SLR and analyzing diabetes treatment cost data to estimate costs and confidence intervals.

Uploaded by

Karthikeyan Gopal
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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3/24/2020 Predictive Analytics - - Unit 4 - Week 2: Simple Linear Regression (SLR)

(https://swayam.gov.in) (https://swayam.gov.in/nc_details/IIMB)

[email protected]

IIMB (https://swayam.gov.in/explorer?ncCode=IIMB) » Predictive Analytics (course)

Announcements (announcements) About the Course (https://swayam.gov.in/nd2_imb20_mg19/preview) Ask a Question (forum)

Progress (student/home) Mentor (student/mentor)

Unit 4 - Week 2: Simple Linear Regression (SLR)

Course outline
15. Practice Problems

Introduction to the course Week 2 - Practice Problems

Week 0: Course
Prerequisites (Statistical Please download the Model Output
Concepts)
(https://drive.google.com/file/d/1rt2tI_dt2OB__60hewlupYGktyVLyrpl/view?usp=sharing) PDF to answer the
Week 1: Introduction to following practice questions.
Analytics

Week 2: Simple Linear


Regression (SLR) 1.Based on the values in table 1 and figure 1, comment on the validity of the model 1. (select all correct answers)

1. Welcome (unit?
unit=68&lesson=71) Model 1 is valid because p-value is approximately zero.
2. Caselet Overview (unit?
unit=68&lesson=72)
Model 1 is valid because regression parameters are correctly estimated.
3. Introduction to
Regression (unit?
unit=68&lesson=73) Model 1 is invalid because figure 1 shows heteroscedasticity.
4. Importance of
Regression (unit?
unit=68&lesson=74)
Model 1 is invalid because t-value can’t be trusted.

5. Types of Regression
(unit?unit=68&lesson=75)

6. SLR:Model Building 2.Calculate the maximum possible price of a specific diamond whose weight is 0.4 grams at 95% confidence level
(unit?unit=68&lesson=76) using model 2.
7. SLR:OLS Estimation
(unit?unit=68&lesson=77)
29536.52
8. SLR Coefficient
Interpretation (unit?
unit=68&lesson=78) 37421.47
9. SLR Model Validation
(unit?unit=68&lesson=79)
51316.28
10. R- Square (unit?
unit=68&lesson=80)

11. Standard Error of


63214.74
Estimate (unit?
unit=68&lesson=81)

12. T-Test (unit? Week 2 - Case-based Ungraded Assignment


unit=68&lesson=82)
Please download the DAD data file
13. Demonstration: Excel
Analysis (unit? (https://drive.google.com/file/d/1Khe7V1l6pwPmMZ6OdUdjTrEYXE66swGi/view?usp=sharing)to answer the
unit=68&lesson=83)
following questions.
14. Demonstration: SPSS
Analysis (unit?
unit=68&lesson=84)

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3/24/2020 Predictive Analytics - - Unit 4 - Week 2: Simple Linear Regression (SLR)

15. Practice Problems Note: In sheet 1 of Dad data file, data is available.
(unit? In sheet 2 of Dad data file, model output is available.
unit=68&lesson=86)

Practice Problems:
Solutions (unit? 3.DAD fixes the treatment cost as INR 3,00,000 for the patients weighing 50kgs. What is the probability that the
unit=68&lesson=87) actual treatment cost is likely to exceed the package price?
Download DAD Data File
for Graded Assessment
(unit?unit=68&lesson=140) 0.10
Quiz : Graded Assessment
(assessment?name=88)
0.12
Week 3: Multiple Linear
Regression
0.14
Week 4: Logistic
Regression
0.25
Week 5: Decision Trees
and Unstructured Data
Analysis
4.For a patient weighing 50kgs, what is the 95% confidence interval for the average cost of treatment ?
Week 6: Forecasting and
Time-Series Analysis
[179318, 210846]

[190520, 285900]

[220246, 310920]

[270821, 390872]

5.At the time of admission, a patient's body weight is 50kgs. At 95% confidence level, what will be the maximum
cost of treatment for the patient?

INR 256,825

INR 323,617

INR 375,421

INR 428,988

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3/24/2020 Predictive Analytics - - Unit 4 - Week 2: Simple Linear Regression (SLR)

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