Identify the steps in interpreting a regression model Interp

Identify the steps in interpreting a regression model. Interpret the following data:

1. Y = 50 + .30X1 where the dependent variable equals turnover intentions for line managers and the independent variable equals the number of employees supervised

2. Y = 250 - 4.0X1 where the dependent variable is the number of hits on a new banner ad and the independent variable is the number of weeks the ad has run

Provide your findings in the space provided

Solution

Let us make clear concepts for independent and dependent variable

Independent variable can take any value whatever you want but dependent variable is always dependent on independent variable. Moreover, dependent variable is restricted in nature whereas Independent variable is free in nature.

Here x1: the number of employees supervised. Is the independent

And y: turnover intentions for line managers. Is dependent.

Here x1: number of weeks the ad has run

, Is independent variable

         And Y : the number of hits on a new banner ad.

is dependent variable

moreover, in 1) X1 and Y are positibely related whereas in 2) X1 and Y are nagatively related.