Continuing Problem 22, suppose that one of the managers of this regional express delivery service company is
Question:
a. Why would the manager want to add such a term to the regression equation?
b. Estimate the revised equation using the data given in the file P10_22.xlsx.
c. Interpret each of the estimated coefficients in your revised equation. In particular, how do you interpret the coefficient for the interaction term in the revised equation?
d. Does this revised equation fit the data better than the original multiple regression equation? Explain why or why not.
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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