he following data describes weekly gross revenue ($1000s), television advertising expenditures ($1000s), and newspaper advertising expenditures ($1000s) for Showtime Movie Theaters. TIT Weekly Gross Television Newspaper Advertising ($1000s) Revenue Advertising ($1000s) ($1000s) 99 5.0 1.5 90 2.0 2.0 95 4.0 1.5 92 2.5 2.5 95 3.0 3.3 94 3.5 2.3 94 2.5 4.2 94 3.0 2.5 .Find an estimated regression equation relating weekly gross revenue to television advertising expenditures and newspaper advertising expenditures (to 2 decimals). evenue = TVAdv + NewsAdv . Choose the correct plot of the standardized residuals against ŷ.
Unitary Method
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Speed, Time, and Distance
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please assist with this NON GRADED problem.
a.
Step-by-step procedure to find the regression equation using Excel:
- In Excel sheet, enter Revenue in one column and enter TVAdv and NewsAdv in one column.
- In Data, select Data Analysis and choose Regression.
- In Input Variable y Range, select Revenue.
- In Input Variable x Range, select TVAdv and NewsAdv.
- Click Residuals and Residual Plot.
- Click Labels.
- Click Ok.
Output obtained using Excel is given below:
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