Sample Essay

In order to form a linear equation for the regression model of the relationship between the staffing costs and the active members in the organization, the log values of the staffing costs were put on the y axis while the log values of the active members of the organization were put on the x axis. Through the statistical analysis the values of β0 came to be at -0.767974639. The β1 came to be at 0.692080395.

Validate model B commenting on its usefulness.                                       The model B is highly useful is a highly accurate tool that can be employed by the organization for determining the staffing costs for any given number of active members of the organization. The regression line plots the linear line for the staffing costs and the active members at the best possible fit on the scatter diagram.

The model B reduces the margin of errors as the variance between the values used in the model is very discreet which makes the model much more accurate than model A. Aside form this the organization would also be able to attain a much better result for their computations pertaining to the predication of the relationship between the staffing costs and the active members of the organization, saving significant funds for the company.

These are excerpts of essays please place order for custom essay paper, term papers, research papers, thesis, dissertation, book reports and case studies.

 

Essay: Example of regression analysis of a Model
Tagged on: