APPLIED DECISION METHODS CLASS; MOD4 Essay Example | Topics and Well Written Essays - 500 words

APPLIED DECISION METHODS CLASS MOD4 - Essay ExampleAs such, this cant exactly be used as a basis on determining the overall relation betweenthe cost charged and the SATs scored. The model as from the computations is handicap meaning it cant be used to assess the question givenAs computed, the correlation coefficient of the created model is a weak positive subdue of 0.17577. Thisshows a weakrelationship of the model. The overall significance of the model should be less than 0.05. In our case, our model gives a value of 0.547796. This shows the model isnt statistically valid reading our model inaccurate. Then again, the variability of the dependent variableas explained by the independent variable is 0.030895 which yields a percentage of 3.0895 which is a very weak number. Consequently, the variables arent statistically prodigious as they are close to 0.05. (0.049008).This can be estimated by multiplying the payroll with the strength of the relationship described by the model. We su btract 17.577% from 100% to get 82.423%.We whence multiply this by the payroll spent by the team that is 82.433%/100% * 79 and we obtain roughly about 65 victories.Despite the moving fairish being an accurate method of forecasting sales, the weighted moving average is even more than accurate as one can weigh the more recent periods a little heavier than the older