Multiple Regression

Multiple Regression

read the questions carefully and answer them

there are 3 problems in excel. The first question is Trucking company

20181125030803hw_multiple_regression__1_

Solution Preview

PROBLEM 1
a. From observing the data based on instructions it is clear that “Maintenance Expense ” is the response variable, while “Miles Driven” and “Age of track ” are the explanatory variables. Therefore, examining the relationship between these variables is that “Miles Driven” and “Age of track” predict “Maintenance Expense”. Based on these circumstances my findings match my expectations due to the nature of the data in relation to the instruction.
b. The best multiple linear regression model for predicting yearly maintenance expense is given by:

(444 words)