Refer to the State Department of Transportation data set called Liabins. The department was interested in determining

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Refer to the State Department of Transportation data set called Liabins. The department was interested in determining the rate of compliance with the state’s mandatory liability insurance law, as well as other things. Assume the data were collected using a simple random sampling process. Develop the best possible linear regression model using vehicle year as the dependent variable and any or all of the other variables as potential independent variables. Assume that your objective is to develop a predictive model. Write a report that discusses the steps you took to develop the final model. Include a correlation matrix and all appropriate statistical tests. Use an α = 0.05. If you are using a nominal or ordinal variable, remember that you must make sure it is in the form of one or more dummy variables.
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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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