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    Example 10 Linear Fit Example Using EXCEL

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    captainhass
    This document provides an example of using Excel to perform a linear fit on a dataset. The data relates the price per thousand pieces (x) to product demand (y). Excel is used to calculate statistical values like variance, covariance, and slopes/intercepts of the regression lines. Two linear regression lines are fitted to the data, which plot very closely, indicating a good fit. Excel's trend line option can also be used to automatically fit a linear regression and display the equation.

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    Example 10 Linear Fit Example Using EXCEL

    Uploaded by

    captainhass
    43 views4 pages
    This document provides an example of using Excel to perform a linear fit on a dataset. The data relates the price per thousand pieces (x) to product demand (y). Excel is used to calculate statistical values like variance, covariance, and slopes/intercepts of the regression lines. Two linear regression lines are fitted to the data, which plot very closely, indicating a good fit. Excel's trend line option can also be used to automatically fit a linear regression and display the equation.

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    Mechanical Measurements

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    This document provides an example of using Excel to perform a linear fit on a dataset. The data relates the price per thousand pieces (x) to product demand (y). Excel is used to calculate statistical values like variance, covariance, and slopes/intercepts of the regression lines. Two linear regression lines are fitted to the data, which plot very closely, indicating a good fit. Excel's trend line option can also be used to automatically fit a linear regression and display the equation.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views4 pages

    Example 10 Linear Fit Example Using EXCEL

    Uploaded by

    captainhass
    This document provides an example of using Excel to perform a linear fit on a dataset. The data relates the price per thousand pieces (x) to product demand (y). Excel is used to calculate statistical values like variance, covariance, and slopes/intercepts of the regression lines. Two linear regression lines are fitted to the data, which plot very closely, indicating a good fit. Excel's trend line option can also be used to automatically fit a linear regression and display the equation.

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    Mechanical Measurements Prof. S. P.

    Venkateshan

    Example 10

    Linear fit example using EXCEL

    The EXCEL worksheet into which the data is input is shown below. The

    data is keyed in the cells as shown. The sums required are automatically

    calculated by using the SUM function. Variances and the covariance are

    calculated using their definitions given earlier. The slopes and the intercepts

    are calculated using the formulae derived by the least square method. The two

    regression lines are then given by:

    y1 = −14.15x + 288.4
    y 2 = −14.74x + 297.6

    Indian Institute of Technology Madras


    Mechanical Measurements Prof. S. P. Venkateshan

    Price per thousand pieces of a certain product (x) determines the demand
    (y) for the product.
    The data is given below. Fit a straight line to data and discuss the quality
    of the fit.

    No. x y x2 y2 xy y1 y2
    Mean: 15.667 66.667
    1 15 82 225 6724 1230 76.103 76.495
    2 18 25 324 625 450 33.64 32.269
    3 13 93 169 8649 1209 104.41 105.98
    4 16 60 256 3600 960 61.949 61.753
    5 12 128 144 16384 1536 118.57 120.72
    6 20 12 400 144 240 5.3309 2.7855
    Sum 94 400 1518 36126 5625 400 400
    Mean 15.667 66.667
    Variance of x= 7.5556
    Variance of y= 1576.6
    Covariance = -106.9
    Slope of first regression -14.15
    line=
    Intercept of first regression 288.42
    line=
    Slope of second regression -14.74
    line=
    Intercept of first regression 297.62
    line=
    Correlation coefficient = -0.98

    The correlation coefficient is calculated using the statistical parameters that

    have been already calculated.

    Indian Institute of Technology Madras


    Mechanical Measurements Prof. S. P. Venkateshan

    Linear Fit to Data

    y y1 y2
    140

    120
    100

    80
    y
    60

    40

    20
    0
    10 12 14 16 18 20
    x

    Figure 14 Plot of the resulting data using EXCEL

    The data generated has been plotted using EXCEL in the form of a chart

    in Figure 14.. The chart option used is “scatter plot”. The given data is shown

    using the red circles. The two lines of regression are shown by the brown and

    blue lines. Both of them pass through the mean x and mean y (indicated by the

    point ). The fit is good because the two regression lines are very close to each

    other.

    Indian Institute of Technology Madras


    Mechanical Measurements Prof. S. P. Venkateshan

    Linear Fit Using "Trend line"

    Data Linear (Data)

    140
    The regression equation is y = -14.15x + 288.4
    120
    100
    80
    y

    60
    40
    20
    0
    10 12 14 16 18 20
    x

    Figure 15 Plot of the data using EXCEL with “Trend Line” option

    The fit may also be done by using the “trend line” option available in

    EXCEL. We choose the linear trend line and get the plot shown in Figure 15.

    It is observed that the “Trend Line” option yields the first regression

    line that considers y to be a function of x. The required arithmetic is

    automatically performed by EXCEL. There is an option to automatically display

    the regression line equation on the chart.

    Indian Institute of Technology Madras

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