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Business Analytics · End Term · 28 Apr 2024 · January 2024 term

Question 21: ANOVA | | df | SS | |---|---|---| | Regression | | 17970…

Question 21

+1 markNumerical answer

A demand response curve is built using linear regression. The partial regression output is given in Figure-1 below. Given this information, answer the given subquestions.

ANOVA

dfSS
Regression179700.8
Residual
Total18200679.7
CoefficientsStandard Error
Intercept912.8670899
Price-3.836221412

Figure-1

What percentage of the total linear variability in demand is captured by this model (given in figure-1) of the demand response curve?

(Note: Enter the answer in “%” rounded to two decimal places without the percentage sign. For example, if the answer is “1.234%”, then enter it as “1.23”)

Show answer

Correct answer: 89.5 (accepted within ±0.5)

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Question 21 of 32 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 28 Apr 2024, in the January 2024 term (IIT M FOUNDATION DIPLOMA AN EXAM QDF3 28 Apr 2024). It carries 1 mark.

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