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Simple linear regression Problem: Livestock Auctions

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Simple linear regression Problem: Livestock Auctions

Post  pallav on Fri Mar 30, 2012 6:31 pm

A group of livestock auction market managers were interested in learning how the number of cattle sold at their markets influenced the cost of operations of their markets. Data was collected from 19 such auction markets.

Find the simple linear regression equation for cost of operations on cattle sold. Use this equation to predict the cost of operations for a market that anticipates selling 13,500 cattle.

The Market data set contains data from 19 livestock auction markets, including the number of head of cattle sold (in thousands), the cost of operations of the auction market (in thousands of dollars), and the market identifier.


Name Type Description
marketid char market identifier
cattle num numbers of head of cattle sold (in thousands)
cost num cost of operations of the auction market (in thousands of dollars)

Please find attached dataset to find solution and share solution with all....




Attachments
market.xls You don't have permission to download attachments.(11 Kb) Downloaded 1 times

pallav

Posts : 98
Join date : 2012-03-14
Location : Ahmedabad

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