A Linear Regression Analysis of Product Report (Assessment)

Exclusively available on Available only on IvyPanda® Made by Human No AI

The researcher hypothesized that the time taken to polish a product depended on the size of the product. A linear regression analysis showed that the relationship was significant, F(1)= 54.87, p<.001. There was a strong, positive, linear correlation between the size of the product and the polishing time, r=.70.

As expected, the time taken to polish a product depended on the size of the product. A scatterplot (shown below) was produced to determine the suitability of the model, where the scatterplot of the two variables showed that a linear model was suitable in this situation.

A scatter plot for time of polishing against diameter of product
Figure 1: A scatter plot for time of polishing against diameter of product.

There is a linear, positive relationship between the time that is spent polishing a product and the size (diameter) of the product, as shown in the scatterplot. It means that one of the assumptions for carrying out a regression analysis has been met.

Although there seem to be some outliers in the scatter plot, they cannot be considered as significant outliers. It implies that the regression equation can predict most of the values; thus, the regression model is sound. The R2 value of 0.49 indicates that 49% variability in time spent in polishing the product can be explained by the diameter of the product.

Model Summaryb
ModelRR SquareAdjusted R SquareStd. Error of the Estimate
1.700a.490.48213.69307
a. Predictors: (Constant), diam
b. Dependent Variable: time

The Model Summary Table gives two primary values; the R and the R-squared values (Carver & Nash 2012). The R value of.70 shows that there is a strong, linear, positive correlation between the diameter of the product and polishing time. The R-squared value of.49 indicates that 49% variation in the time take to polish the product can be explained by the diameter of the product.

ANOVAa
ModelSum of SquaresdfMean SquareFSig.
1Regression10287.173110287.17354.865.000b
Residual10687.51157187.500
Total20974.68458
a. Dependent Variable: time
b. Predictors: (Constant), diam

The ANOVA table that is produced in the regression analysis provides values that help in showing how the regression equation fits the data (Johnson & Kuby 2008). In this case, the ANOVA report provides information that helps in showing how well the regression equation predicts the time spent in polishing the product.

The ANOVA report for the time of polishing and the diameter of the product shows that the regression model predicts the time spent on polishing the product significantly well because the F value is significant, p<.05. In other words, the regression model is significance p=.001 and its fit for the data.

Coefficientsa
Unstandardized CoefficientsStandardized CoefficientstSig.
ModelBStd. ErrorBeta
1(Constant)-1.9555.402-.362.719
Diam3.457.467.7007.407.000
a. Dependent Variable: time

The Coefficients table is necessary because it is a report that gives information that helps in predicting the dependent variable from the independent variable. In this case, the coefficients table gives information that helps in predicting the time to be taken to polish the product from the diameter of the product.

The table also helps in determining whether the independent variable contributes to the model in a statistically significant manner (Linear Regression Analysis on SPSS 2015). In this case, the diameter of the product contributes to the model significantly as the B value is significant, B=.564, p<.05.

The regression equation is derived from the coefficients table, where the dependent variable= B value of the constant+ B of the independent variable*independent variable i.e. Time of polishing = -1.955+ 3.457(diameter).

The residuals statistics

The residuals statistics are values of the regression line, which help to determine whether the errors are near normal distribution. The residuals, also known as the errors, are the differences between the observed values and the predicted value of the dependent variable (Weinberg & Abramowitz 2008). The errors in the time for polishing represent the instant analysis. In the present scenario, the errors are not large, meaning that the model is suitable for the data.

The histogram helps in determining whether the data observes normal distribution. In other words, it checks the normal distribution of the data, which is one of the assumptions that are taken when conducting a regression analysis (IDRE 2015).

In the present scenario, the histogram shows that the data largely observes normal distribution, as the data that lies on the left side of 0 is the same as that on the right side of 0. The normal distribution presented by the histogram shows that the regression model is suitable for this data, as it is one of the assumptions that should be met prior to conducting a linear regression analysis.

A histogram with a standard curve
Figure 2: A histogram with a standard curve showing the distribution of polishing time.

The results of the regression analysis can be used to improve the operational efficiency of Nambe Mills and reduce the operations cost. Nambe Mills can lessen the time by making products of smaller sizes, given that the time of polishing increases as the product size increase. This would save time and resources employed in polishing the product and channel the resources into other areas of operations.

The company could assign more personnel to the role of polishing the products that are larger in size, given that they take more time to polish. The company can use the regression equation, Time of polishing = -1.955+ 3.457(diameter), to determine how much time it would require polishing any given item.

Reference List

Carver, R & Nash, J 2012, Doing data analysis with SPSS: Version 18.0, Boston, MA, Brooks/Cole Cengage Learning.

IDRE 2015, . Web.

Johnson, R & Kuby, P 2008, Elementary statistics: Enhanced review edition, 10th ed., Thomson Learning, Inc, Boston, MA.

Linear Regression Analysis on SPSS 2015. Web.

Weinberg, SL & Abramowitz, SK 2008, Statistics using SPSS: An integrative approach, 2nd ed., Cambridge University Press, Cambridge, MA.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2019, June 24). A Linear Regression Analysis of Product. https://ivypanda.com/essays/regression-analysis-2/

Work Cited

"A Linear Regression Analysis of Product." IvyPanda, 24 June 2019, ivypanda.com/essays/regression-analysis-2/.

References

IvyPanda. (2019) 'A Linear Regression Analysis of Product'. 24 June.

References

IvyPanda. 2019. "A Linear Regression Analysis of Product." June 24, 2019. https://ivypanda.com/essays/regression-analysis-2/.

1. IvyPanda. "A Linear Regression Analysis of Product." June 24, 2019. https://ivypanda.com/essays/regression-analysis-2/.


Bibliography


IvyPanda. "A Linear Regression Analysis of Product." June 24, 2019. https://ivypanda.com/essays/regression-analysis-2/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
This academic paper example has been carefully picked, checked and refined by our editorial team.
No AI was involved: only quilified experts contributed.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1