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Introduction:
in the market.
In this
collected from March 18, 1951 to July 11, 1953, total of 30 fourweek periods.
Methodology:
In view
of the fact that the data were collected over time, we will
conduct a time-plot to reveal the relationship between ice cream
consumption and time.
regression model and so, we can obtain the model to estimate the
ice cream consumption.
Analysis:
The
At the
Figure 1:
Date
N
30
Rsq
0.0492
AdjRsq
0.0152
0.50
RMSE
0.0653
0.45
0.40
0.35
0.30
0.25
0
10
15
20
25
30
Date
The
Additionally,
factor Date may explain some of the change in the means of ice
cream consumption.
separate box-plot graph as of Income vs. Year, Price vs. Year and
Temp vs. Year.
Box-plot 1 (Income vs. Year):
100
95
0.29
90
I
n
c
o
m
e
P
r
i
c
e
0.28
85
0.27
80
0.26
75
1
Year
Year
70
60
T
e
m
p
50
40
30
20
1
Year
In addition,
Source
DF
Analysis of Variance
Sum of
Squares
Model
Error
Corrected Total
3
26
29
0.09025
0.03527
0.12552
Variable
Intercept
Price
Income
Temp
Mean
Square
F Value
Pr > F
22.17
<.0001
0.03008
0.00136
Parameter
Estimate
Standard
Error
Type II SS
F Value
Pr > F
0.19732
-1.04441
0.00331
0.00346
0.27022
0.83436
0.00117
0.00044555
0.00072338
0.00213
0.01082
0.08174
0.53
1.57
7.97
60.25
0.4718
0.2218
0.0090
<.0001
DF
Sum of
Squares
Mean
Square
Model
Error
Corrected Total
2
27
29
0.08812
0.03740
0.12552
0.04406
0.00139
Variable
Intercept
Income
Temp
F Value
Pr > F
31.81
<.0001
Parameter
Estimate
Standard
Error
Type II SS
F Value
Pr > F
-0.11320
0.00353
0.00354
0.10828
0.00117
0.00044496
0.00151
0.01261
0.08784
1.09
9.10
63.41
0.3051
0.0055
<.0001
Variable
Removed
Price
Number
Vars In
2
Partial
R-Square
Model
R-Square
0.0169
0.7021
C(p)
3.5669
F Value
Pr > F
1.57
0.2218
DF
Sum of
Squares
Mean
Square
Model
Error
Corrected Total
2
27
29
0.08812
0.03740
0.12552
0.04406
0.00139
Root MSE
Dependent Mean
Coeff Var
0.03722
0.35943
10.35446
R-Square
Adj R-Sq
F Value
Pr > F
31.81
<.0001
0.7021
0.6800
Parameter Estimates
Variable
Intercept
Temp
Income
DF
Parameter
Estimate
Standard
Error
t Value
Pr > |t|
1
1
1
-0.11320
0.00354
0.00353
0.10828
0.00044496
0.00117
-1.05
7.96
3.02
0.3051
<.0001
0.0055
increasing trend.
Figure 2:
Temp +0.0035
Income
N
30
Rsq
0.7021
AdjRsq
0.6800
RMSE
0.0372
0.075
0.050
0.025
0.000
-0.025
-0.050
-0.075
-3
-2
-1
Normal Quantile
Figure 3:
2
2
3
1
1
1
3
1
2
3
1
2
2
2
2
3
2
2
FIT
PLOT
1 IC 1
2 IC 2
3 IC 3
Year 1951
Year 1952
Year 1953
1
1
20
30
40
50
Temp1
60
70
80
after year since March 18, 1951, at least for the 3 years of the
study as indicated by figure 3.
For
instance, Dreyer's Grand Ice Cream Company has new ice cream
flavor every year and had more than a billion dollars in annual
revenue (Reference 2).
testing result.
Reference:
1. The Data and Story Library, Cornell University, NY
http://lib.stat.cmu.edu/DASL/Datafiles/IceCream.html
2. Dreyers Grand Ice Cream Holdings, Inc.
http://www.dreyersinc.com/about/index.asp
Appendix 1 (Codebook):
1. Date: Time period (1-30) of the study (from 3/18/51 to
7/11/53)
2. IC: Ice cream consumption in pints per capita
3. Price: Price of ice cream per pint in dollars
4. Income: Weekly family income in dollars
5. Temp: Mean temperature in degrees Fahrenheit (o F)
6. Year: Year within the study (0 = 1951, 1 = 1952, 2 = 1953)
Appendix 2 (Data):
Obs
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
IC
0.386
0.374
0.393
0.425
0.406
0.344
0.327
0.288
0.269
0.256
0.286
0.298
0.329
0.318
0.381
0.381
0.470
0.443
0.386
0.342
0.319
0.307
0.284
0.326
0.309
0.359
0.376
0.416
0.437
0.548
Price
Income
Temp
Year
0.270
0.282
0.277
0.280
0.272
0.262
0.275
0.267
0.265
0.277
0.282
0.270
0.272
0.287
0.277
0.287
0.280
0.277
0.277
0.277
0.292
0.287
0.277
0.285
0.282
0.265
0.265
0.265
0.268
0.260
78
79
81
80
76
78
82
79
76
79
82
85
86
83
84
82
80
78
84
86
85
87
94
92
95
96
94
96
91
90
41
56
63
68
69
65
61
47
32
24
28
26
32
40
55
63
72
72
67
60
44
40
32
27
28
33
41
52
64
71
1
1
1
1
1
1
1
1
1
1
2
2
2
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
cv=red
cv=blue
cv=black
cv=red
cv=blue
cv=black
value='1' i=none;
value='2' i=none;
value='3' i=none;
value=none i=join ci=red
line=1;
value=none i=join ci=blue line=2;
value=none i=join ci=black line=3;