I have attached the problem – reading the case study isn’t necessary – only a long reading about the Oakland A’s and the decisions they made. This problem is really about doing the linear regressions in Excel with the data given and making conclusions based on those regressions.
I need this problem done by1pm tomorrow (Wednesday, 10/2) central standard time.
PLEASE NOTE: The Excel regression tables must be included. This is a multi-variable regression model, so plotting each variable separately in charts is not the solution. I need the regression analysis which comes in the data analysis toolpak in Excel.
Problem 3A
Read the “Oakland As (A)” case in the course pack. The data is available in the course website. The tab in the spreadsheet labeled Full Data Set contains the data in Exhibit 1 of the case while the tab labeled Nobel Data contains the attendance figures for the games Nobel pitched in and those he did not pitch in.
(a) Compute the descriptive statistics for the attendance at the games Nobel pitched in and those he did not pitch in. What is the difference in the average attendance for these two sets of games? Does this provide meaningful evidence that Nobel should be paid more because attendance was higher in the games he pitched in?
(b) Plot Ticket against Time (i.e. create a time series plot of Ticket). Do you see any patterns in the data?
(c) Run the regression
Tickett = β0 + β1*Nobelt + εt
where Nobel is a dummy variable that takes the value 1 when Nobel starts on day t.
What are the estimates of β0 and β1? How do these relate to the average attendance figures computed in part (a)?
(d) Do the residuals from the regression in part (c) appear to be independent? Why or why not? If they are not independent, what factors might explain the pattern?
(e) Run the regression
Tickett = β0 + β1Post + β2GBt + β3Tempt + β4Prect + β5TOGt + β6TVt + +β7Promot + β8Nobelt + β9Yankst + β10Weekendt + β11ODt + β12DHt + εt
Do the residuals from this regression appear to be independent? (It is a close call but assume they are independent.) Why would these residuals be independent while the residuals from the model in part (c) are dependent?
(f) What evidence is there about Nobel pitching in a game being related to the attendance at the game? Do you have more confidence in drawing a conclusion from the model in part (c) or the model in part (e) to answer this question? Why?
(g) Do you think Nobel’s agent has a legitimate case that Nobel should be paid more because he brings fans to the games?
Problem 3B
Read the “Oakland As (B)” case in the course packet. The data file is attached to this problem.
(a) Run a regression of Attendance against Wins. What is the interpretation of the coefficient associated with Wins? What is the interpretation of R2 in this regression? What is the practical problem associated with using this model to forecast Attendance for the next season (i.e. to forecast attendance in the 1981 season)?
(b) Now run a regression of Attendance against Roddey’s forecast of the number of wins for that season. Why is the R2 value obtained from this regression so much lower than the R2 obtained from the regression in part (a)?
(c) Why is it more appropriate to use the model in part (b) for forecasting Attendance than the model in part (a)?
(d) Before the 1981 season starts Roddey forecasts 95 wins for the season. Using the model from part (b), what is the prediction for attendance in the 1981 season? What is the standard deviation associated with the prediction?
(e) Using the prediction and standard deviation for the prediction from the model in part (b), what is the probability associated with a bonus to Nobel of $0, $50,000, $100,000 and $150,000? What is the mean of this distribution?
(e) Using the probability distribution from part (d), what is the expected cost if the lump-sum incentive plan is used?
>Full Data Set
4 2 5 1 4 0 2 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 2 3 1 5 0 2 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 2 7 1 6 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 00
2 5 1 7 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 7 2 1 60 0 2 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0
1 6 1 2 60 0 2 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 4 1 3 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 3 3 1 5 0 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 9
3 2 1 6 0 1 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 3 1 0 7 57 1 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 5 1 0 5 57 0 2 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 5 1 0 6 59 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 5 1 0 7 58 0 1 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 05
11 1 0 1 60 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2
11 1 0 2 60 0 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 11 1 0 3 60 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 29
7 1 0 6 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 7 1 0 7 57 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 41
12 4 2 5 0 2 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 61
12 3 2 6 55 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 9
12 5 3 7 57 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 13 4 2 1 58 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 88
13 4 3 2 58 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 94
13 3 2 3 59 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 3 6 5 59 0 2 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 9 3 6 6 61 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 9 3 7 7 63 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 10 3 7 1 61 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 10 3 7 2 59 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 10 3 7 3 60 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 4 3 7 5 60 0 2 0 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 4 3 7 6 63 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 294
4 3 8 7 64 0 1 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 6 3 9 1 62 0 2 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 99
6 4 10 2 62 0 2 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 6 4 11 3 63 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 8 4 11 5 0 2 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 8 4 12 6 69 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 8 4 12 7 63 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 3 5 12 4 66 0 2 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 3 5 12 5 62 0 2 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 13
5 5 13 3 65 0 2 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 5 3 12 4 65 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 11 3 12 5 60 1 2 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 11 3 11 6 65 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 11 3 11 7 65 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 7 3 12 1 65 0 2 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 7 3 12 2 63 0 2 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 7 3 12 3 64 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 41
2 2 12 1 65 0 2 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 2 2 12 2 67 0 2 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 2 2 12 3 63 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 2 13 5 62 0 2 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2 12 6 63 0 1 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 2 13 7 63 0 1 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 9 2 15 2 67 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 69
9 2 15 3 65 0 2 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 9 2 15 4 61 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 10 2 15 5 62 0 2 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 10 2 16 6 64 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 10 2 17 7 63 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 4 2 17 1 62 0 2 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 4 2 17 2 62 0 2 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 12 3 19 1 65 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 12 3 18 2 63 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 12 2 17 3 64 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 13 2 17 5 62 0 2 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 2 16 6 61 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 2 17 7 63 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 2 15 2 70 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 8 2 14 3 69 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 8 2 14 4 64 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 6 2 14 5 64 0 2 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 6 2 13 6 62 0 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 6 2 12 7 65 0 1 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 5783 Nobel Data NOBEL #REF! 7466
93 89 90 91 593
88 12
63 70 69 54 83 80
2
NUMBER
TICKET
OPP
POS
GB
DOW
TEMP
PREC
TOG
TV
PROMO
NOBEL
YANKS
WKEND
OD
DH
0
1
O2
O
3
O
4
O
5
O
6
O
7
O
8
O
9
O
10
O
11
O
12
O
13
1
24
15
57
2
57
29
66
3
5783
64
4
63
62
5
52
60
6
2
14
7
24
18
61
8
65
70
58
9
5
23
59
10
9014
11
86
36
12
7062
13
182
17
14
1
26
15
24
27
16
47
31
17
49
55
18
78
39
19
41
56
20
50
21
10
54
22
21882
1
23
44
24
40
25
15947
26
12990
27
187
53
28
20162
29
38
73
30
5628
31
477
68
32
27312
33
46
34
17666
35
48
36
6856
37
8482
69
38
5204
39
7369
40
11337
41
7696
42
74
43
6370
44
5949
45
6506
46
10606
47
14588
48
8645
49
4765
50
1
67
51
4651
52
6697
53
6283
54
13629
55
13062
56
11934
57
75
58
10947
59
11532
60
10578
61
18745
62
47946
63
32905
64
9731
65
2443
66
3598
67
17440
68
11253
69
10756
70
3069
71
3836
72
3180
73
5099
74
4581
75
10662
Nobel Data
TICKET when Nobel pitches
TICKET when Nobel does not pitch
5260
24415
5239
5729
18217
7839
6300
10549
2140
15947
2418
27312
6570
8482 9014
11337
8636
5949 7062
8645
12605
13629
24272
7569
4731
47946
4929
3598
4141
5099
5061
21882
4488
4094
12990
18753
20162
3873
5628
47768
46294
17666
4899
6856
5204
7369
7696
7413
6370
6506
10606
14588
4765
16741
4651
6697
6283
13062
11934
10947
11532
10578
18745
32905
9731
2443
17440
11253
10756
3069
3836
3180
4581
10662
1
Residuals
NOBEL Residual Plot
1
1 1
#REF!
Game
Residual
Residuals vs. GameSheet1
Year
Attendance
Wins
Forecasted Wins
1968
83
82
79
19
69
778232
88
90
19
70
778355
89
91
1971
9149
93
101
106
1972
962931
1973
10007
63
94
84
1974
845693
92
1975
1075518
98
1976
7
80
87
1977
49
54
1978
526412
67
1979
306763
65
1980
843319
Sheet2
Sheet3