2. Interpret your model and results 1. Use a step-wise regression to construct a

Question

2. Interpret your model and results

1. Use a step-wise regression to construct a multiple regression model

2. Interpret your model and results

Wage EDUC EXPER AGE 37.85 11 2 40 21.72 4 1 39 14.34 4 2 38 21.26 5 9 53 24.65 6 15 59 25.65 6 12 36 15.45 9 5 45 20.39 4 12 37 29.13 5 14 37 27.33 11 3 43 18.02 8 5 32 20.39 9 18 40 24.18 7 1 49 17.29 4 10 43 15.61 1 9 31 35.07 9 22 45 40.33 11 3 31 20.39 4 14 55 16.61 6 5 30 16.33 9 3 28 23.15 6 15 60 20.39 4 13 32 14.88 4 9 58 13.88 5 4 28 17.65 6 5 40 15.45 6 2 37 26.35 4 18 52 19.15 6 4 44 16.61 6 4 57 18.39 9 3 30 15.45 5 8 43 18.02 7 6 31 13.44 4 3 33 17.66 6 23 51 16.96 4 15 37 14.34 4 9 45 15.45 6 3 55 17.43 5 14 57 35.89 9 16 36 20.39 4 20 60 11.81 4 5 35 15.45 9 10 34 17.66 5 4 28 13.87 6 1 25 16.35 7 10 43 15.45 9 2 42 23.67 4 17 47 16.02 11 2 46 23.15 4 15 52 24.18 8 11 64

Explanation / Answer

y = 1.437060506 x1 + 4.482822287·10-1 x2 - 1.13862462·10-2 x3 + 7.872986591

Residual Sum of Squares: rss = 1347.603523
Coefficient of Determination: R2 = 3.423689527·10-1

Where y is the wage

x1 is EDUC

x2 is EXPER

x3 is AGE

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

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