The Shipbuilders Council of America in Washington, D.C., publishes data about private shipyards. Among the variables reported
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Shown here are the data for these three variables over a seven-year period. Use the data to develop a regression model to predict private shipyard employment from number of naval vessels under construction and repairs or conversions of commercial ships. Graph each of these predictors separately with the response variable and use Tukeys four-quadrant approach to explore possible recoding schemes for nonlinear relationships. Include any of these in the regression model. Comment on the regression model and its strengths and itsweaknesses.
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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