Ch13 Excel

Guide to Using Excel For Basic
Statistical Applications
To Accompany
A Course I n Business Statistics, 4
th
Ed.

Chapter 13:
Multiple Regression Analysis and Model
Building
By
Groebner, Shannon, Fry, & Smith
Prentice-Hall Publishing Company
Copyright, 2006

Chapter 14 Excel
Examples
Multiple Regression
First City Real Estate
Multiple Regression Dummy Variable
Curvilinear Regression
Ashley Investment Services
Interaction Effects

More Examples
Chapter 14 Excel
Examples
Residual Analysis
Multiple Regression
Issue:
First City management wishes to build a
model that can be used to predict sales prices
for residential property.
Objective:
Use Excel to build a multiple regression
model relating sales price to a set of measurable
variables. Data file is First City.xls
Open File First City.xls
Multiple Regression First City Real Estate
First click on
Tools, then
Data Analysis
and finally on
Correlation.
Define ranges for Variables. Click
on O.K.
The Excel
output shows
the correlation
between Age
and Square
Feet.
Return to the
data sheet, click
on Tools, Data
Analysis and
then Regression.
Identify range
of dependent
and independent
variables. Click
OK.
Excel determines the
regression model.
To determine the
Variance Inflation
Factors, return to the
data sheet, click on
PHStat, Regression and
Multiple Regression.
Identify range
of dependent
and independent
variables. Click
on VIF then
click OK.
PHStat will find Variance
Inflation Factors for all
independent variables.
Issue:
First City managers wish to improve the
model by adding a location variable.
Objective:
Use Excel to improve a regression model by
adding a dummy variable. Data file is First City.xls
Multiple Regression - Dummy
Variable -First City Real Estate
Open File
First City.xls
click on the
worksheet
containing
the Area
data.
Multiple Regression- Dummy Variable
Click on
PHStat then
Regression
and Multiple
Regression.
Define the Data
ranges for the Y
and X Variable
then select
Regression
Statistics Table,
ANOVA
Coefficients Table
and VIF.
The output shows
improved Regression
Statistics.
Curvilinear Relationships -
Issue:
The director of personnel is trying to determine
whether there is a relationship between employee
burnout and time spent socializing with co-workers.
Objective:
Use Excel to determine whether the relationship
between the two measures is statistically significant.
Data file is Ashley.xls

Open File Ashley.xls
File contains values for
20 Investment Advisors.
Curvilinear Relationships Ashley Investment Services
To develop the
scatter plot
first click on
Chart Wizard
button then
select XY
(Scatter).
Define the Data
range and
remember the X
variable must be
in the left
column. You may
have to reverse
the columns by
cutting and
pasting.
Label the X and Y axis.
Find the
scatter plot.
To find the
regression
model, return
to the data
sheet, click on
Tools, then
Data Analysis
and finally
Regression.
Identify the
range for the
X and Y
variables.
Then click
OK.
The output shows
the R Square
value and the
Regression
Coefficients.
To develop a nonlinear model,
return to the data file. Create
a new variable Socialization
Squared.
To find the
regression
model, click
on Tools, then
Data Analysis
and finally
Regression.
Identify the
range for the
X and Y
variables.
Then click
OK.
The output shows
the R Square
value and the
Regression
Coefficients.
For an alternate
way to find a
nonlinear model,
return to the
scatter plot, left
click on any point
on the graph then
right click. Select
Add Trendline.
Select
Exponential.
This gives
the
Exponential
Regression
Line. To add
the
Regression
Equation,
left click on
the trend
line, then
right click to
Format
Trendline
Select
Options.
Check
Display
equation and
Display R-
square.
This adds
the
Regression
Equation
and R-
square value
to the Trend
Line.
Interaction Effects -
Issue:
The director of personnel is trying to determine
whether the model can be improved by separating
observations between those taken from men and
women.
Objective:
Use Excel to determine whether the relationship
between the measures can be improved. Data file is
Ashley-2.xls

Open File Ashley-2.xls
Group the data from males and
females together by identifying
the range of data, then clicking
on Data then Sort.
Click on the Chart
Wizard and then (XY)
Scatter. Click Next
Click on the
Series Tab.
Identify the
range for data
from Males.
Add Females to
the Series and
identify the
appropriate
Data Range.
Label the
Chart and
the X and Y
Axes. Then
click Next.
The scatter plot
now separates
male and female
data points.
To find a
nonlinear model
for each data
group, left click
on any point on
each series then
right click. Select
Add Trendline
then Exponential.
Add colors
by left
cicking on
each
Trendline,
then right
click and
select
Format
Trendline.
A nonlinear model can also be
developed by creating new
variables and proceeding as in
the last tutorial.
To find the
regression
model, click
on Tools, then
Data Analysis
and finally
Regression.
Identify the
range for the
X and Y
variables.
Then click
OK.
The output shows
the R Square
value and the
Regression
Coefficients.
Issue:
The company is interested in analyzing the
residuals of the regression model to determine
whether the assumptions are satisfied.
Objective:
Use Excel to analyze residuals from a
regression model. Data file is First City-3.xls

Residual Analysis -
Open file First City-3.xls
Residual Analysis First City Real Estate
Since Excel
requires the
independent
variables to be
adjacent, cut and
paste the
appropriate
columns.
First click on Tools,
then Data Analysis
and then on
Regression.
Define range for X
and Y Variables.
Excel gives several
options for
Residual Analysis,
but does not have
as complete a set
as Minitab.
Selecting the Residual Plot option
on the previous page will give a
set of residual plots.
Any of the
residual
plots can
be
adjusted to
give a
clearer
picture of
the
residual
pattern.
This is the output if
the Normal
Probability Plot
option is selected.
While Excel will
not
automatically
generate a
histogram of
residual values,
one can be
generated. Start
with the
Standardized
Residuals.
Define the
Bin values
for the
Histogram.
Then click
on Tools,
select Data
Analysis and
then
Histogram.
Identify the data
range for the
Standard Residuals
and Bins. Specify
Chart Output.
Size and format the
Histogram output.
Also, close the gaps
between the
rectangles.

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Guide to Using Excel For Basic

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