- 1 (94.52 KiB) Viewed 108 times
Calibr (Body A Find Real Selec B I U Change Styles inter 8 - A A 三 E - ETE 21 ST Аавьссос Аавьссоr Аавьс. Аавьсс АаВ Аавьсе досео als XX 国三, 1 Normal 11 No Spaci... Heading 1 Heading 2 Title Subtitle Subtle Em Font Paragraph Styles Q2. There is a perception that the wastage is depends upon the level of production. You are required to verify this perception, by performing the regression analysis in the last 12-month data given below. After analysis, answers the given
question: 1. Write down the value of coefficient of correlation and interpret it. 2. Write down the value of coefficient of determination and interpret it. 3. Write down the regression equation for estimating the wastage in the next month 4. Comments about the validity of regression model (equation) 5. How much will be the estimated wastage if the production level is 5,000,000 Production Wastage 39,048 4,341,970 3,911,307 36,076 OI 4,092,487 36,557 3,983,795 40,748 41,419 3,719,102 4,174,050 38,873 3,904,921 40,764 3,819,264 43,368 3,602,300 40,153 4,152,615 41,479 37,333 3,917,154 3,833,967 37,927 GB130%-