Hi,
Has anyone been able to complete the end of unit assessment for data analytics?
I have no clue how to interpret the regression analysis results and have been stuck at it for quite awhile.
I can only get question 4 correct.
Appreciate any help I can get.
Thank you.
Ramla
Hi Ramla,
In order to interpret the regression analysis you need to go back to the "type of analytics". P-Value, Significance F and R^2 are explained there.
For predicting dependent variables you need to use this formula, for example for predicted ticket sales: Y = Intercept + "X Variable 1" * coefficient +"X Variable 2" * coefficient + "X Variable 3" * coefficient. It was presented as follows in the example and was very confusing for me too: Y = 588 - 30X1 - 20X2 + 10X3.
Best, Ana
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