# The Linear Regression method

EXCEL ASSIGNMENT

Assume the following data (where the 690 is the last three digits of your panther id):

Don't use plagiarized sources. Get Your Custom Essay on
The Linear Regression method
Just from \$13/Page
 Month Machine Hours (hrs.) Maintenance Costs (\$) 1 1,240 103,690 2 1,400 107,690 3 1,250 103,690 4 1,470 108,690 5 1,620 116,690 6 1,660 115,690 7 1,490 107,690 8 1,280 101,690 9 1,450 106,690 10 1,580 113,690 11 1,300 100,690 12 1,600 113,690 13 1,650 113,690 14 1,440 109,690 15 1,350 102,690 16 1,680 116,690 17 1,480 106,690 18 1,360 103,690 19 1,340 103,690 20 1,540 112,690 21 1,320 102,690 22 1,410 104,690 23 1,230 101,690

For example, if your panther id is 1234567, then your maintenance costs would be \$103,567 in month 1; \$107,567 is month 2; \$113,567 in months 10, 12, and 13.

Assume that the following relationship holds:

Maintenance Costs = a + (b * Machine Hours)

REQUIRED

Estimate the values of a and b, using,

1. the High-Low Method, and

2. the Linear Regression method.(for help try “Linear Regression in Excel” on YouTube)

Note, to use the linear regression method, you MUST use the Microsoft Excel program.

Make sure to report

a. the values of a and b;

b. a scatter plot of the data points, and

c. the R-square or the adjusted R-square

3. Which of the above two methods is more appropriate? Why ? (3 sentences maximum)

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.