There are six independent variables, x1,x2,x3,x4,x5, and x6. that might be useful in predicting a response y.
Question:
E(y) = β0 + β1xi
where x1 is the ith independent variable, i = 1,2,... ,6. The information in the table is provided from the computer printout.
a. Which independent variable is declared the best one-variable predictor of y? Explain.
b. Would this variable be included in the model at this stage? Explain.
c. Describe the next phase that a stepwise procedure would execute.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
Question Posted: