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  • Essay / Data Analysis Essay - 919

    (nd). The ANOVA table shows the result of the ANOVA analysis and indicates whether we have a statistically significant difference between the group means. We can see that the significance level for Att is 0.00 and 0.827 for Attnew. When this value is less than 0.05, it means that there is a significant difference between the two means. When it is greater than 0.05, there is little or no statistical difference between the two means. So for Attnew, there is a difference in the demand for cars but there is no difference in the Att case (Hussain, M. (nd)). Multiple regressions “Multiple regression is an extension of simple linear regression. It is used when we want to predict the value of one variable based on the value of two or more other variables. The variable we want to predict is called the dependent variable (or sometimes, outcome variable, target or criterion). The variables we use to predict the value of the dependent variable are called independent variables (or sometimes, predictive, explanatory, or regressive variables). Multiple regression results help determine model fit and facilitate decision making. the law