Regression Analysis of Pricing of IPL Players | Project Report | | | | | Pricing of Players in the Indian Premier League Executive Summary In the project‚ price for the players in IPL are analysed against various factors. Not all factors drove the price of a player were directly related to their performance on the field‚ whereas there are specific factors which had a direct impact on player’s remuneration. These factors ranged from performance measure of players such as Strike
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Unit 5 – Regression Analysis Darryl Gamble American InterContinental University Abstract The following analysis charts will help determine the overall satisfaction or dissatisfaction that employees feel about the company they work for and the management team of that company. The final analysis will let management know if anything needs to be corrected. Introduction Job satisfaction is made up of many things. Management sometimes needs some hope in evaluating how good of a job
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Practice with p-values Work through these problems with your computer partner and/or instructor. Answers follow the problem set. 1. Suppose we’ve done the computation of the Z test statistic. For each of the following situations determine the p-value that goes along with Z. a. Z = 2.12‚ two-sided test b. Z = 4.55‚ two-sided test c. Z = -1.40‚ lower-tail test 2. Suppose Z = 1.92.Which has a smaller p-value‚ the upper-tail test or the two-sided test? From this‚ is it more likely to have a
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Linear Regression & Best Line Analysis Linear regression is used to make predictions about a single value. Linear regression involves discovering the equation for a line that most nearly fits the given data. That linear equation is then used to predict values for the data. A popular method of using the Linear Regression is to construct Linear Regression Channel lines. Developed by Gilbert Raff‚ the channel is constructed by plotting two parallel‚ middle lines above and below a Linear Regression
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Chap 13 44 1.4 100 1.3 110 1.3 110 0.8 85 1.2 105 1.2 105 1.1 120 0.9 75 1.4 80 1.1 70 1.0 105 1.1 95 A sample of 12 homes sold last week in St. Paul‚ Minnesota‚ is selected. Can we conclude that‚ as the size of the home (reported below in thousands of square feet) increases‚ the selling price (reported in $ thousands) also increases? * Compute the coefficient of correlation. * = [12(1344) – (13.8)(1160)]/12(16.26) – (13.8)2][12(114850)
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T-test A t-test is a hypothesis test in which the test statistic follows a Student’s t-distribution under the null hypothesis. There are several different test statistics that fall into the category of a t-test. One-Sample t-test x 0 s n df n 1 t Independent Two-Sample t-test t x1 x2 2 sx1x2 n 1 2 2 sx1 sx2 2 df 2n 2 sx1x2 Unequal Sample Size Two-Sample t-test t x1 x2 1 1 sx1x2 n1 n2 sx1x2 n1 1 sx2 n2
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Introduction to Linear Regression and Correlation Analysis Goals After this‚ you should be able to: • • • • • Calculate and interpret the simple correlation between two variables Determine whether the correlation is significant Calculate and interpret the simple linear regression equation for a set of data Understand the assumptions behind regression analysis Determine whether a regression model is significant Goals (continued) After this‚ you should be able to: • Calculate and
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Hypothesis Identification Article Analysis Pamela Orozco RES/342 December 6‚ 2009 Elisa Fredericks Hypothesis Identification Article Analysis An analysis of marketing research article was completed on‚ An Analysis of At-home Demand for Ice Cream in the United States‚ (2009). The purpose of the research study was to determine if there was an increase in purchases of ice cream at home and by which consumers‚ and where in the country they were located. The researchers used self-reported receipts
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directly by visiting outlets through structured interview scheduled. The statistical tools used to analyze the data are: Co-relation analysis‚ Simple Linear Regression and Multiple Linear Regression. The software used to analyze the data is Windostat version 8.6‚ developed by Indostat services‚ is an advanced level statistical software for research and experimental data analysis. The study is carried mainly in the areas like Lokthkunta‚ Lalbazar‚ Kharkhana‚ Old Alwal‚ Suraram‚ Medchal‚ Miyapur‚ Balanagar
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The simple regression model (SRM) is model for association in the population between an explanatory variable X and response Y. The SRM states that these averages align on a line with intercept β0 and slope β1: µy|x = E(Y|X = x) = β0 + β1x Deviation from the Mean The deviation of observed responses around the conditional means µy|x are called errors (ε). The error’s equation: ε = y - µy|x Errors can be positive or negative‚ depending on whether data lie above (positive) or below the conditional
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