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Hello, I am taking a graduate level stats class and am having a time with regression. I have a data set of 96 items, and need to determing if I need to use single or multiple regression, then explain in non technical terms.

Submitted: 344 days and 9 hours ago.

Category: Math

Value: $9

Status: CLOSED

Level: Graduate Level; Subject: Stastics

Already Tried:
I've done the regression analysis in Megastat, but I don't know how to interpret the results.

Posted by Sk1llz 344 days and 9 hours ago.

Answer

How many variables/columns do you have? If you have 2 then it's single regression, more than 2 then it's multiple regression.

Sincerely,
Sk1llz

344 days and 9 hours ago.

Reply

3 columns, days, bills and type. there are 96 observations.

Posted by Sk1llz 344 days and 9 hours ago.

Answer

If you wanna predict one variable from the two other, then it's multiple regression.

Sincerely,
Sk1llz

344 days and 9 hours ago.

Reply

Ok, so far so good. I've got the megastat output. can you help me decode it? I can attach a file if you tell me how..

Posted by Sk1llz 344 days and 9 hours ago.

Info Request

Upload it to www.mediafire.com and provide me with the sharing url.<br /><br />Sincerely,<br />SK1llz

344 days and 8 hours ago.

Reply

I think I got it (never done this before so please bear with me).

Analysis data starts on row 48, I was playing around with the data.

http://www.mediafire.com/?sharekey=6213e39b8dd59325d2db6fb9a8902bda

Thank you very much

Posted by Sk1llz 344 days and 8 hours ago.

Answer

It seems that you want to predict DAYS from BILL and TYPE.

You have that DAYS = 70.68 - 0.013BILL - 37.40TYPE

and all p-values are very small, so the coefficients are all significant..

Sincerely,
Sk1llz

344 days and 8 hours ago.

Reply

Is that a better model than predicting amount of BILL from TYPE and DAYS?

Does this tell me how late a bill will be?
Does amount of bill related to number of days payment is late?

I just don't understand how to read these. Can you suggest a site that helps explain how to interpret the outputs?

Posted by Sk1llz 344 days and 8 hours ago.

Answer

The first one is significant (Days from bill and type) while the second is insignficant (BILL from TYPE and DAYS).

You need to look at the p-values in the ANOVA-table.

Sincerely,
Sk1llz

344 days and 8 hours ago.

Reply

That's the problem, I have looked at the p-values, but they are greek to me.

Is there anything you can suggest that helps me translate the numbers into words?

Accepted Answer

When the p-values are small (less than 0.05 in general) they are considered as signficant.

Sincerely,
Sk1lllz

Accepts:
Expert:	Sk1llz
Pos. Feedback:	100.0 %
Answered:	12/13/2008

Mastermind

Mathematics, Statistics and Physics

344 days and 8 hours ago.

Reply

Thanks I guess I will keep looking for a resource.

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Question

Hello, I am taking a graduate level stats class and am having a time with regression. I have a data set of 96 items, and need to determing if I need to use single or multiple regression, then explain in non technical terms.

Optional Information

Level: Graduate Level; Subject: Stastics

Already Tried:
I've done the regression analysis in Megastat, but I don't know how to interpret the results.

Answer

How many variables/columns do you have? If you have 2 then it's single regression, more than 2 then it's multiple regression.

Sincerely,
Sk1llz

Reply

3 columns, days, bills and type. there are 96 observations.

Answer

If you wanna predict one variable from the two other, then it's multiple regression.

Sincerely,
Sk1llz

Reply

Ok, so far so good. I've got the megastat output. can you help me decode it? I can attach a file if you tell me how..

Info Request

Upload it to www.mediafire.com and provide me with the sharing url.<br /><br />Sincerely,<br />SK1llz

Reply

I think I got it (never done this before so please bear with me).

Analysis data starts on row 48, I was playing around with the data.

http://www.mediafire.com/?sharekey=6213e39b8dd59325d2db6fb9a8902bda

Thank you very much

Answer

It seems that you want to predict DAYS from BILL and TYPE.

You have that DAYS = 70.68 - 0.013BILL - 37.40TYPE

and all p-values are very small, so the coefficients are all significant..

Sincerely,
Sk1llz

Reply

Is that a better model than predicting amount of BILL from TYPE and DAYS?

Does this tell me how late a bill will be?
Does amount of bill related to number of days payment is late?

I just don't understand how to read these. Can you suggest a site that helps explain how to interpret the outputs?

Answer

The first one is significant (Days from bill and type) while the second is insignficant (BILL from TYPE and DAYS).

You need to look at the p-values in the ANOVA-table.

Sincerely,
Sk1llz

Reply

That's the problem, I have looked at the p-values, but they are greek to me.

Is there anything you can suggest that helps me translate the numbers into words?

Accepted Answer

When the p-values are small (less than 0.05 in general) they are considered as signficant.

Sincerely,
Sk1lllz

Reply

Thanks I guess I will keep looking for a resource.

Math

Have your own Math question?

Related Math Topics:

Question

Hello, I am taking a graduate level stats class and am having a time with regression. I have a data set of 96 items, and need to determing if I need to use single or multiple regression, then explain in non technical terms.

Optional Information

Level: Graduate Level; Subject: Stastics Already Tried: I've done the regression analysis in Megastat, but I don't know how to interpret the results.

Answer

How many variables/columns do you have? If you have 2 then it's single regression, more than 2 then it's multiple regression.Sincerely,Sk1llz

Reply

3 columns, days, bills and type. there are 96 observations.

Answer

If you wanna predict one variable from the two other, then it's multiple regression.Sincerely,Sk1llz

Reply

Ok, so far so good. I've got the megastat output. can you help me decode it? I can attach a file if you tell me how..

Info Request

Upload it to www.mediafire.com and provide me with the sharing url.<br /><br />Sincerely,<br />SK1llz

Reply

I think I got it (never done this before so please bear with me). Analysis data starts on row 48, I was playing around with the data. http://www.mediafire.com/?sharekey=6213e39b8dd59325d2db6fb9a8902bda Thank you very much

Answer

It seems that you want to predict DAYS from BILL and TYPE.You have that DAYS = 70.68 - 0.013BILL - 37.40TYPEand all p-values are very small, so the coefficients are all significant..Sincerely,Sk1llz

Reply

Is that a better model than predicting amount of BILL from TYPE and DAYS? Does this tell me how late a bill will be? Does amount of bill related to number of days payment is late? I just don't understand how to read these. Can you suggest a site that helps explain how to interpret the outputs?

Answer

The first one is significant (Days from bill and type) while the second is insignficant (BILL from TYPE and DAYS).You need to look at the p-values in the ANOVA-table.Sincerely,Sk1llz

Reply

That's the problem, I have looked at the p-values, but they are greek to me. Is there anything you can suggest that helps me translate the numbers into words?

Accepted Answer

When the p-values are small (less than 0.05 in general) they are considered as signficant.Sincerely,Sk1lllz

Reply

Thanks I guess I will keep looking for a resource.

Related Math Questions

Level: Graduate Level; Subject: Stastics

Already Tried:
I've done the regression analysis in Megastat, but I don't know how to interpret the results.

How many variables/columns do you have? If you have 2 then it's single regression, more than 2 then it's multiple regression.

Sincerely,
Sk1llz

If you wanna predict one variable from the two other, then it's multiple regression.

Sincerely,
Sk1llz

I think I got it (never done this before so please bear with me).

Analysis data starts on row 48, I was playing around with the data.

http://www.mediafire.com/?sharekey=6213e39b8dd59325d2db6fb9a8902bda

Thank you very much

It seems that you want to predict DAYS from BILL and TYPE.

You have that DAYS = 70.68 - 0.013BILL - 37.40TYPE

and all p-values are very small, so the coefficients are all significant..

Sincerely,
Sk1llz

Is that a better model than predicting amount of BILL from TYPE and DAYS?

Does this tell me how late a bill will be?
Does amount of bill related to number of days payment is late?

I just don't understand how to read these. Can you suggest a site that helps explain how to interpret the outputs?

The first one is significant (Days from bill and type) while the second is insignficant (BILL from TYPE and DAYS).

You need to look at the p-values in the ANOVA-table.

Sincerely,
Sk1llz

That's the problem, I have looked at the p-values, but they are greek to me.

Is there anything you can suggest that helps me translate the numbers into words?

When the p-values are small (less than 0.05 in general) they are considered as signficant.

Sincerely,
Sk1lllz