A Roofing and Siding company sells its products to home repair retailers. The owner is interested in...

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A Roofing and Siding company sells its products tohome repair retailers. The owner is
interested in studying the effects of severalvariables on the value of shingles sold ($000).
The marketing manageris arguing that the companyshpuld spend more money on  
advertising, while a market researcher suggests itshould focus more on making its brand
and product more distinct from itscompetitors.
The company has divided the United States into 26marketing districts. In each district, it collected
information on the following variables:
AdvertisingNumber
dollarsNumber ofofMarket
Obs.Sales(000's)AccountscompetitorsPotential
179.35.531108
2200.12.55586
3163.2867129
4200.1350716
5146338815
6177.72.9711217
730.9830128
8291.9956510
916044284
10339.46.573516
11159.65.560117
1286.35441212
13237.565066
14107.2539104
151553.555104
16291.4870614
17100.2640116
18135.8450118
19223.37.562913
20195759911
2173.46.753135
2247.76.1381310
23140.73.643917
2493.54.22683
252594.575819
26331.25.67149
Conduct a multiple regression analysis to find thebest predictors of sales
a.Draw a scatter diagram comparing sales volume witheach of the independent variables.
Comment on the results.
b.Develop a correlation matrix. Do you see anyproblems? Does it appear there are any
redundant independent variables?
c.Develop a regression equation. Conduct the globaltest. Can we conclude that some of
the independent variables are useful in explainingthe variation in the dependent variable.
d.Conduct a test of each of the independentvariables. Are there any that should be dropped?
e.Refine the regression equation so the remainingvariablesare all significant.
f.Determine the variance inflation factor for each ofthe independent variables. Are there any
problems?

# Please I need the answer by Excel with showing steps.

Answer & Explanation Solved by verified expert
4.5 Ratings (678 Votes)
1 Conduct a multiple regression analysis to find the bestpredictors of salesusing the Data analysis AddinThen regressionNow entering the dependent and independent variables Check LabelsThe output isExcept advertising dollars andMarket potential allvariable have significant pvalueEliminating the advertising dollars and market potential andfinding the regression model againRepeat all steps again by not selecting the those    See Answer
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