Interpret the following three sets of data using scatter chart and regression analysis, using slope , intercept, Coefficient of Determiniation (R2) , regression data (using excel), and 95% confidence interval
Generate and explain the derivation of insights using regression analysis and its associated visualization.
Differentiate between the signals identified by business analytics and the noise that is inherent in the system.
1.C20 (annual number of training hours) versus Y: C21 (time to serve customers in minutes)
C20 |
100 |
100 |
100 |
100 |
100 |
125 |
125 |
125 |
125 |
150 |
150 |
150 |
150 |
150 |
175 |
175 |
175 |
175 |
C21 |
21.8 |
21.9 |
21.7 |
21.6 |
21.7 |
21.7 |
21.4 |
21.5 |
21.4 |
21.9 |
21.8 |
21.8 |
21.6 |
21.5 |
21.9 |
21.7 |
21.8 |
21.4 |
