The Prices (In $) of Rawlston, Inc Excel Was Used to Determine the Least Squares Regression Equation
The prices (in $) of Rawlston, Inc.stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x1), and the volume of exchange (in millions) on the New York Stock Exchange (x2) are shown below.
Excel was used to determine the least squares regression equation.Part of the computer output is shown below. ANOVA
a. Use the output shown above and write an equati on that can be used to predict the price of stock.
b. Interpret the coeff cients of the estimated regressi on equation that you found in Part a.
c. At a 05 level of significance, determine which variables are significant and which are no If on a given day, the number of shares of the company that were sold was 94,500 and the
d. of exchange on the New York Stock Exchange was 16 million, what would you expect th the stock to be?
Correct Answer:
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b.
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