The CEO of a well known car seller company wants to determine the factors having
ID: 3314867 • Letter: T
Question
The CEO of a well known car seller company wants to determine the factors having an influence on the percentage amount of car sales. The table bellow shows the result of a regression after setting a model with variables available.
The interpretation for the coefficient of the variable Comfort (an index from 0 to 10) is?
Coefficientsa nstranardized Standardized Coefficients Coefficients MModel Sig. Std. Error Beta Constant) 1.312 1.195 1 Dependability .740 Comfort 442 882 581 3.974024 4.120 036 .127 .558 094 .578 a. Dependent Variable: Sales (%)Explanation / Answer
The coefficeint of the variable comfort from the above table is 0.442. This means that for a unit index increase in the independent variable COMFORT ( for example if it goes from 5 to 6 ) , then keeping all the other independent variables constant, the change in the dependent variable Sales (%) would be an increase of 0.442%.
Note that there is an increase because the coefficient is positive here. This is the required interpretation of the variable COMFORT
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