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Regression Interpretation

The document analyzes a model summary table and ANOVA table from a study on factors that influence jewelry sales. It finds a moderate correlation between independent and dependent variables. Two variables, number of catalogs mailed and amount spent on print advertising, significantly influence sales. Three other variables do not significantly influence sales based on a 95% confidence level.

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ganireddyashokchandrasekhar
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28 views

Regression Interpretation

The document analyzes a model summary table and ANOVA table from a study on factors that influence jewelry sales. It finds a moderate correlation between independent and dependent variables. Two variables, number of catalogs mailed and amount spent on print advertising, significantly influence sales. Three other variables do not significantly influence sales based on a 95% confidence level.

Uploaded by

ganireddyashokchandrasekhar
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Model Summaryb

Std. Error of the

Model R R Square Adjusted R Square Estimate

1 5142.1063842811490
.664a .441 .417
00

a. Predictors: (Constant), Number of Customer Service Representatives, Number of Pages in

Catalog, Amount Spent on Print Advertising, Number of Phone Lines Open for Ordering,

Number of Catalogs Mailed

b. Dependent Variable: Sales of Jewelry

The correlation between the independent and dependent variables is shown by the R-value. A
value above 0.4 is selected for additional examination. The number in this instance is.664,
suggesting a moderate degree of association.
The dependent variable's total variance that the independent variables may account for is
displayed by the R-square. A number higher than 0.5 indicates that the model's predictive power
is sufficient to identify the relationship. The number in this instance is.441, indicating a weak
correlation between the independent and dependent variables.
The adjusted R-square, or the variation of the sample results from the population in multiple
regression, illustrates how the results can be applied more broadly. R-square and Adjusted R-
square minimum must differ from one another. Since the value in this instance is.417, which is
close to.441, there is little dispensability between the variables. For improved results, more
variables must be included.
The model summary table thus meets the requirements to move on to the next phase. If the
values were not sufficient, on the other hand, the data must be adjusted in order to get the
intended outcomes.

ANOVAa

Model Sum of Squares df Mean Square F Sig.

1 Regression 2381265406.478 5 476253081.296 18.012 .000b

Residual 3014303419.668 114 26441258.067

Total 5395568826.146 119

a. Dependent Variable: Sales of Jewelry

b. Predictors: (Constant), Number of Customer Service Representatives, Number of Pages in Catalog, Amount Spent on Print
Advertising, Number of Phone Lines Open for Ordering, Number of Catalogs Mailed

Typically, a study will select a 95% confidence interval or 5% threshold of significance.


Therefore, the p-value ought to be lower than 0.05. It is.000 in the table above. Consequently, the
outcome is noteworthy.

Taking into account the model's inherent inaccuracy, we can fit the model and show an
improvement in the variable's prediction based on the Anova table above. The yield efficient
model of F-ratio has a value larger than 1. The value in the table above is 18.012, which is a
decent value.

Coefficientsa

Standardized

Unstandardized Coefficients Coefficients

Model B Std. Error Beta t Sig.

1 (Constant) -26389.042 5090.672 -5.184 .000

Number of Catalogs Mailed 1.667 .411 .420 4.055 .000

Number of Pages in Catalog 8.276 36.866 .016 .224 .823

Number of Phone Lines Open for Ordering 88.073 78.201 .111 1.126 .262

Amount Spent on Print Advertising .941 .139 .489 6.790 .000

Number of Customer Service Representatives -120.722 67.083 -.196 -1.800 .075

a. Dependent Variable: Sales of Jewelry

Significant variables :

Mailed
Print

Mailed: Because the difference between the variables is less than 0.05, or 0.00, there is a
significant difference between the variables. Print: It is less than 0.05, or 0.00, among the
variables.

In Significant variable:

Phone
Pages
Service

service: Given that the difference between the variables is greater than 0.05, or 0.075, there is a
substantial difference.
Phone: Given that the difference between the variables is more than 0.05, or 0.262, there is a
significant difference.
pages- Given that the difference between the variables is more than 0.05, or 0.823, there is a
significant difference.

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