Regression and Correlation
Look back to the raw data you collected in week 1. There are 7 variables listed:
Vehicle type/class
Year
Make
Model
Price
MPG (city)
MPG (highway)
Choose TWO variables that you feel are correlated and explain why you feel that they are correlated. Do you suspect the relation is positive or negative? Why? Which would be considered the independent variable, which the dependent variable? Why?
Run a regression analysis in Excel and provide the results in your post along with your raw data. Looking at the R2 value, explain what this indicates about the strength of the relation. Then write out your Regression Equation, state if your p-value and conclusion.