A real estate builder wishes to determine how house size(House) is influenced by

Question

A real estate builder wishes to determine how house size(House) is influenced by family income (Income), family size(Size), and education of the head of household (School). House sizeis measured in hundreds of square feet, income is measured inthousands of dollars, and education is measured in years. Thebuilder randomly selects 50 families and runs the multipleregression. The business literature involving human capital showsthat education influences an individual's annual income. Combined,these may influence family size. With this in mind, what should thereal estate builder be particularly concerned with when analyzingthe multiple regression model? A)normality of residuals
B)collinearity
C)missing observations
D)randomness of error terms
2. A microeconomist wants to determine how corporate sales areinfluenced by capital and wage spending by companies. She proceedsto randomly select 26 large corporations and record information inmillions of dollars. A statistical analyst discovers that capitalspending by corporations has a significant inverse relationshipwith wage spending. What should the microeconomist who developedthis multiple regression model be particularly concernedwith? A)normality of residuals
B)randomness of error terms
C)collinearity
D)missing observations
3. In multiple regression, the __________ procedure permitsvariables to enter and leave the model at different stages of itsdevelopment. A)stepwise regression
B)residual analysis
C)backward elimination
D)forward selection
A real estate builder wishes to determine how house size(House) is influenced by family income (Income), family size(Size), and education of the head of household (School). House sizeis measured in hundreds of square feet, income is measured inthousands of dollars, and education is measured in years. Thebuilder randomly selects 50 families and runs the multipleregression. The business literature involving human capital showsthat education influences an individual's annual income. Combined,these may influence family size. With this in mind, what should thereal estate builder be particularly concerned with when analyzingthe multiple regression model? A)normality of residuals
B)collinearity
C)missing observations
D)randomness of error terms
A real estate builder wishes to determine how house size(House) is influenced by family income (Income), family size(Size), and education of the head of household (School). House sizeis measured in hundreds of square feet, income is measured inthousands of dollars, and education is measured in years. Thebuilder randomly selects 50 families and runs the multipleregression. The business literature involving human capital showsthat education influences an individual's annual income. Combined,these may influence family size. With this in mind, what should thereal estate builder be particularly concerned with when analyzingthe multiple regression model? 2. A microeconomist wants to determine how corporate sales areinfluenced by capital and wage spending by companies. She proceedsto randomly select 26 large corporations and record information inmillions of dollars. A statistical analyst discovers that capitalspending by corporations has a significant inverse relationshipwith wage spending. What should the microeconomist who developedthis multiple regression model be particularly concernedwith? A)normality of residuals
B)randomness of error terms
C)collinearity
D)missing observations
2. A microeconomist wants to determine how corporate sales areinfluenced by capital and wage spending by companies. She proceedsto randomly select 26 large corporations and record information inmillions of dollars. A statistical analyst discovers that capitalspending by corporations has a significant inverse relationshipwith wage spending. What should the microeconomist who developedthis multiple regression model be particularly concernedwith? A)normality of residuals
B)randomness of error terms
C)collinearity
D)missing observations
A microeconomist wants to determine how corporate sales areinfluenced by capital and wage spending by companies. She proceedsto randomly select 26 large corporations and record information inmillions of dollars. A statistical analyst discovers that capitalspending by corporations has a significant inverse relationshipwith wage spending. What should the microeconomist who developedthis multiple regression model be particularly concernedwith? 3. In multiple regression, the __________ procedure permitsvariables to enter and leave the model at different stages of itsdevelopment. A)stepwise regression
B)residual analysis
C)backward elimination
D)forward selection
3. In multiple regression, the __________ procedure permitsvariables to enter and leave the model at different stages of itsdevelopment. A)stepwise regression
B)residual analysis
C)backward elimination
D)forward selection
In multiple regression, the __________ procedure permitsvariables to enter and leave the model at different stages of itsdevelopment.

Explanation / Answer

1.B) collinearity 2.A) normality of residuals

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.