![]() Interpreting Results of Multiple Regression Coefficients Table in Excel Here, it is 0.00001 which represents there is a significant relationship between the Unit Price and Promotion (x values) and Sales (y values).ģ. When the value of the Significance F is not greater than 0.05, the independent variables have a statistically significant relationship with the dependent variable. Significance F: Significance F is a crucial term to find the output of your model whether it is statistically significant or not.If you divide the MS of regression by the MS of Residual, you’ll get the F-test. F (F-test): F or F statistic provides the overall importance of the regression model for the null hypothesis.MS (Mean Squares): Mean Squares is mainly the mean of the square of the variation of an individual value and the mean value of the set of observations.The higher the value of the Sum of Squares refers to higher variation in the values or vice-versa. SS (Sum of Squares): The Sum of Squares is the square of the difference between a value and the mean value.It can be calculated using the df=N-k-1 formula where N is the sample size, and k is the number of regression coefficients. df (degrees of freedom): df refers to degrees of freedom.The terms used in the table are as follows. Moreover, in the middle of the output, you’ll see the ANOVA (Analysis of Variance) Table. Interpreting Regression Results of ANOVA Table in Excel Observations: It shows the number of products which is 11.Ģ. ![]()
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