question archive The head of business intelligence and analytics in the company suggests that a regression model be used to estimate DVD revenue instead
The head of business intelligence and analytics in the company suggests that a regression model be used to estimate DVD revenue instead
Subject:AccountingPrice: Bought3
The head of business intelligence and analytics in the company suggests that a regression model be used to estimate DVD revenue instead. She also indicates her belief that DVD revenue is approximately 25% of box office gross revenue. Using a regression analysis, fully examine the questions:i.What is the effect of box office revenue on DVD revenue in this data? Does box office revenue have a positive effect on DVD revenue? Is the effect linear? How strong is the relationship? ii.Is the manager’s claim that DVD revenue is approximately 25% of box office gross revenue at all accurate?In answering this question, at the least you should:- Perform theanalysis/teststhat answer the questions- Show yourregression output and results, which should include theregressionequation and R-square.- Interpret theregression slope coefficient.- Perform relevantprocedures to verify whether the assumptions of regression aresatisfied.- Show someregression fit plots.
