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Zero Code Learning Business Analytics Assignment I: Regression Analysis

This document provides information about a business analytics assignment involving linear regression analysis. Students are asked to load and examine a dataset on car prices to answer questions about regression outputs, correlation values, identifying dependent and independent variables, predicting car attributes based on specs, and evaluating features of cars in the dataset. The goal is to help management understand how car prices vary and to manipulate design/strategy to meet price levels.

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Kajjapu kiranmai
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91 views2 pages

Zero Code Learning Business Analytics Assignment I: Regression Analysis

This document provides information about a business analytics assignment involving linear regression analysis. Students are asked to load and examine a dataset on car prices to answer questions about regression outputs, correlation values, identifying dependent and independent variables, predicting car attributes based on specs, and evaluating features of cars in the dataset. The goal is to help management understand how car prices vary and to manipulate design/strategy to meet price levels.

Uploaded by

Kajjapu kiranmai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Zero Code Learning

Business Analytics Assignment I: Regression Analysis

In this assignment, you will practice linear regression and interpret the outputs of the
regression model when run on the datasets provided.

Dataset Information:
We are required to model the price of cars with the available independent variables. It will be
used by the management to understand how exactly the prices vary with the independent
variables. They can accordingly manipulate the design of the cars, the business strategy etc.
to meet certain price levels. Further, the model will be a good way for management to
understand the pricing dynamics of a new market. Here the price is considered as Y
(dependent variable) , the other variables like car length ,width, no of strokes, no of doors,
RPM, Type of fuel used and more independent variables are used

Data Source: https://www.kaggle.com/datasets/hellbuoy/car-price-prediction

Note: A subset of the data is used for the purpose of this assignment. Some fields and values
have been changed.
Task:
1. Load the Regression App.
2. Upload the dataset carprice_Assignment.csv to the “Upload Input Data” section..
3. Change the “Select Y Variable” to the dependent variable mentioned above.
4. Examine the outputs generated in the App to answer the following questions.

Q1) If the beta (x) coefficient for the car model Chevrolet Impala lies under confidence
internal range that is between -3.1728 to 13779.87 when it's 0.951 as internal range. Calculate
the same for Toyota corolla 1200

Q2) If the correlation value for price against price is 1 then identify the best correlation value
for price as well as the factor that gives more correlation value for price.

Q3) Are If I have a car and I have to identify the negative correlation for the stroke from the
correlation table. (a) Which factor I will get as the least value . (b) What will be the least
value for the given variable stroke?

Q4) Identify the dependent variable among the given choices

(a) Horse power (b) Stroke (c) Price (d) Bore Ratio
Q5) A Car with horsepower 288 has four stroke engine with bore ratio of 3.94 and
compression ratio as 23.00 then what will be the engine size of the car?

Q6) Identify the types of car based on the fuel used, Choose if multiple answers are correct

(a) Gas (b) Petrol (c) Diesel (d) Electric

Q7) If the frequency for the two door cars is 90 with the proportion of 0.439 show the
proportion of four doors is 0.561 what will be the frequency value for 4 door cars considering
the door number ?

Q8) If the Alfa Romeo giulia model car is considered the lowest of all the other car models
among the data identify the car that places top by considering car name next to car Volvo 246

Q9) List out the features of Porcshce panamera by evaluating the data

Q10) Are there any missing rows in the training data set?

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