Regression Analysis: Hybrid Vehicles

Hybrid vehicles were a notion that environmentalists spoke about as a concept, which could increase gas milage of vehicles, and conserve usance of fossil fuels. According to Wikipedia, Todays intercrossedization cars or hybrid galvanising vehicles atomic number 18 automobiles business collarered by indispensable blaze engines, but also equipped with batteries recharged during driving and an galvanizing motor to assist with power look at (2005). Hybrids do not necessarily have to be plugged in, further still deliver superior mileage and are environmentally-friendly alternatives to traditionalistic internal combustion vehicles(2005). With ever change magnitude salute of gaso border, we must ask, are hybrid vehicles the futurity of internal combustion vehicles? Studying the blood between petroleum costs and change magnitude gross sales of hybrid vehicles will give us whatsoever insight on the ever growing demand of these vehicles in respect to gaso absorb price s. Since the debut of the Honda Insight in 1999, increase costs of gasoline has been a strong mover in the increasing sales of hybrid vehicles. Utilizing regression analysis, team up A will forecast the next sales of hybrid vehicles and how they may be a significant portion of future automobiles as compared to the increasing costs of petroleum. To ensure the data has a strong correlation and will be accurate, we will lead astray by calculating the coefficient of correlation.

Once we have completed a strong correlation, we will forecast future sales of hybrid vehicles utilizing a four step process as depict by Business Statistics: (1) determine the comp! are of the line that outdo fits the data, (2) estimate the value of one variable base on another, (3) measure the error in our estimate, and (4) establish sureness and forecasting intervals for our estimate (pp 139, 2005). The first step of the process is to disclose an equation to express the linear or straight line relationship between the two variables. We... If you want to get a in full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper