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regression analysis

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › regression analysis

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 9, 2014 at 5:38 pm #175476
    yaaseen
    Member
    • Topics: 16
    • Replies: 25
    • ☆

    month
    1
    2
    3
    4

    total cost $’000
    57.5
    37.5
    45.0
    60.0

    Quantity produced $’000
    1.25
    1.00
    1.50
    2.00

    gradient of regression line is 17.14

    what is the value of a??

    A 25.36
    B 48.56
    C 74.64
    D 101.45

    i got C as an answer but my teacher said it’s A..
    sir, what is the answer??

    June 9, 2014 at 6:32 pm #175506
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    The correct answer is A.

    y is the cost, so total y = 200

    x is the quantity, so total x = 5.75

    n = 4

    b = 17.14

    If you put those figures into the formula for a, then the value of a is 25.36

    June 9, 2014 at 7:07 pm #175523
    yaaseen
    Member
    • Topics: 16
    • Replies: 25
    • ☆

    thank you sir 🙂
    God bless U 🙂

    instead of subtracting, i made addition 😛

    Attention to details 😀

    June 9, 2014 at 9:24 pm #175564
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54684
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
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