![]() The 1 indicates that there is one predictor variable. (a) Use MINITAB to find the least-squares regression line using the best price as. If you prefer, you can use the following session commands: Chapter 10 of Understandable Statistics introduces linear regression. Press the OK button on the Options dialog and then the OK button on the Regression dialog. Where you see the phrase "Prediction intervls for new observations" put C3. In the dialog box that appears put C2 as the Response and C1 as the Predictor.Ĭhoose the Options button at the bottom. Minitab Statistical Software can look at current and past data to discover trends, find and predict patterns, uncover hidden relationships between variables, and create stunning visualizations to tackle even the most daunting challenges and opportunities. Select Stats/Regression/Regression from the menus. Put the ages in C1, the prices in C2 and the numbers 2 and 3 in C3. Maybe you sould try putting 3 or 4 into the regression equation (a+bx) the 3 or 4 goes into the x and the a and b you get from Linear regression formula on your calculator i'm not sure how to do that on your minitab though When calculating a regression equation to model data, Minitab estimates the coefficients for each predictor variable based on your sample and displays these. Message posted by Chris (via 24.136.50.126) on Decemat 9:02 PM (ET) I have already done the basic statistics and regression procedures for this, but could someone tell me how to (in minitab)predict the price of a two-year old and a three-year old car? I'm having trouble using the program. This presentation will help the readers to identify which type. "Ten sports car, between one and six years of age were randomly selected from the classified ads of the local daily paper. There are several statistical tests which can be categorized as parametric and nonparametric. ![]() (via 140.209.38.35) on Decemat 11:29 AM (ET) When you select Assistant > Regression in Minitab, the software presents you with an interactive decision tree. Home > Statistics Every Writer Should Know > The Stats Board > Discusssion It's a must-read for a beginner taking his or her first steps toward understanding stats. Of course, XLMiner Analysis ToolPak is an add-in for Google Sheets or Excel Online.
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