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Regression Model & Analysis: Assignment-04

The document presents a regression model and analysis of the relationship between cotton production and GDP in Pakistan from 2000-2013. The regression model shows a positive relationship between cotton production and GDP, though the results are not statistically significant. Specifically: 1) Cotton production is the independent variable and GDP is the dependent variable. 2) The regression results indicate a positive dependence between cotton production and GDP, though the strength of dependence is very low. 3) The significance level is above 0.05, so the results cannot be generalized to the overall relationship between cotton production and GDP in Pakistan.

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Muneer Hussain
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35 views

Regression Model & Analysis: Assignment-04

The document presents a regression model and analysis of the relationship between cotton production and GDP in Pakistan from 2000-2013. The regression model shows a positive relationship between cotton production and GDP, though the results are not statistically significant. Specifically: 1) Cotton production is the independent variable and GDP is the dependent variable. 2) The regression results indicate a positive dependence between cotton production and GDP, though the strength of dependence is very low. 3) The significance level is above 0.05, so the results cannot be generalized to the overall relationship between cotton production and GDP in Pakistan.

Uploaded by

Muneer Hussain
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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REGRESSION MODEL & ANALYSIS

Assignment-04

NOVEMBER 27, 2018


MUNEER HUSSAIN (L1F18MBAM0246)
FAISAL RASHEED (L1F18MBAM0245)
ZAIN UL HASSAN (L1S18MBAM0099)

SECTION-E
Table of Contents
Introduction ................................................................................................................................................. 2
Cotton Production................................................................................................................................... 2
Gross Domestic Product (GDP) ............................................................................................................. 2
Regression Model ........................................................................................................................................ 2
Analysis of Model ........................................................................................................................................ 3
Dependence Structure......................................................................................................................... 3
Nature of Dependence......................................................................................................................... 3
Strength of Dependence ...................................................................................................................... 3
Significance of Result .......................................................................................................................... 3
References .................................................................................................................................................... 3
Introduction
Cotton Production

Production of cotton is taken as independent variable in below tabulated regression


model. For this purpose, cotton production (‘000 Bales) data ranging from 2000 to 2013
extracted from economic surveys of Pakistan during the period under consideration.

Gross Domestic Product (GDP)


Production of cotton is taken as dependent variable for below tabulated regression model.
For this purpose, Gross Domestic Product (Annual Percentage) data ranging from 2000
to 2013 extracted from economic surveys of Pakistan during the period under
consideration.

Regression Model
Variables Entered/Removeda
Model Variables Entered Variables Removed Method

1 Cotton Production
. Enter
('000 Bales)b
a. Dependent Variable: GDP (Annual Percentage)
b. All requested variables entered.

Model Summary
Adjusted R Std. Error of the
Model R R Square
Square Estimate
1 .081a .007 -.076 2.02879
a. Predictors: (Constant), Cotton Production ('000 Bales)
ANOVAa
Sum of
df Mean Square F Sig.
Model Squares
1 Regression .328 1 .328 .080 .783b
Residual 49.392 12 4.116

Total 49.720 13

a. Dependent Variable: GDP (Annual Percentage)


b. Predictors: (Constant), Cotton Production ('000 Bales)
Coefficientsa
Standardized
Unstandardized Coefficients
Coefficients t Sig.
Model B Std. Error Beta
1 (Constant) 3.514 2.071 1.696 .116
Cotton Production ('000
4.938E-5 .000 .081 .282 .783
Bales)
a. Dependent Variable: GDP (Annual Percentage)

Analysis of Model
Dependence Structure
As β≠0 hence a dependency exists between gross domestic product and cotton production
of Pakistan for given time period.

Nature of Dependence
As evident from above table dependence between GDP and cotton production is positively
related.

Strength of Dependence
In above model strength of dependence is 4.938E-5 (0.00004938), which indicates that
an increase of 1,000 in bales of cotton production appreciates the GDP by 4.938E-5.

Significance of Result
As the significance is more than 0.05, hence the result of above model cannot be
generalized.

References
Economic Surveys of Pakistan
http://www.finance.gov.pk/survey_1011.html

Pakistan Bureau of Statistics


http://www.pbs.gov.pk/content/table-4-gross-domestic-product-pakistan-current-basic-prices

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