Consider the following set of dependent and independent variables. The variable x3 is qualitative with H =

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Consider the following set of dependent and independent variables. The variable x3 is qualitative with H = High, M = Medium, and L = Low. The quantitative data for this problem can be found in the Excel file Prob 1535.xlsx.

a. Using PH_Stat, construct a regression model using all three independent variables.

b. Interpret the meaning of each of the regression coefficients.

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Business Statistics

ISBN: 9780321925121

2nd Edition

Authors: Robert A. Donnelly

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Question Posted: Jul 29, 2015 03:25 AM

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Consider the following set of dependent and independent variables. The variable x3 is qualitative with H =

Question:

y 47 42 40 40 3 26 23 8 10 i 74 63 78 52 44 47 35 17 15 り22 29 20 17 13 17 815 10 13 M H H L M H M L L

Step by Step Answer:

a Dummy Variables Dummy1 Dummy2 High 0 0 Medium 1 0 Low 0 1 y89963047...View the full answer

Business Statistics

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