Question: Develop a model for predicting a players salary. For predictor variables, consider age (quadratic effect), height, weight, and relevant performance measures. Use model selection criteria

Develop a model for predicting a player’s salary. For predictor variables, consider age (quadratic effect), height, weight, and relevant performance measures. Use model selection criteria to assess the choice of predictor variables as well as the functional form (linear or exponential). In order to estimate these models, you will have to first filter the data to include only career statistics based on regular seasons. Exclude players with no information on salary. Interpret your results with reference to well-formatted figures and tables.

PlayerNamePositionAgeHeightWeightSalarySeasonPostseasonTeamGames_playedGames_startedMinutesFG_madeFG_attemptedFG_percent3P_made3P_attempted3P_percentFT_madeFT_attemptedFT_percentRebound_offRebound_defAssistsBlocksStealsFoulsTurnoversPoints
25Metta World PeaceSF3679260947276'99-'00FALSECHI726331.14.310.50.4070.82.70.3142.63.90.6740.93.42.80.51.72.22.312
25Metta World PeaceSF3679260947276'00-'01FALSECHI767431.14.310.70.4010.61.90.2912.83.70.750.83.130.623.32.111.9
25Metta World PeaceSF3679260947276'01-'02FALSECHI272630.55.6130.4331.33.40.39634.80.6281.53.42.90.92.842.615.6
25Metta World PeaceSF3679260947276'01-'02FALSEIND282429.34.210.20.4110.62.80.21522.70.7331.23.81.80.62.43.91.810.9
25Metta World PeaceSF3679260947276'02-'03FALSEIND696733.65.212.30.42813.10.33645.40.7361.53.82.90.72.33.52.115.5
25Metta World PeaceSF3679260947276'03-'04FALSEIND737137.26.415.20.42113.30.314.460.7331.43.93.70.72.12.72.818.3
25Metta World PeaceSF3679260947276'04-'05FALSEIND7741.68.4170.49612.40.4126.77.30.9221.15.33.10.91.73.92.424.6
25Metta World PeaceSF3679260947276'05-'06FALSEIND161637.76.814.80.461.13.40.3334.67.60.6121.63.32.20.72.62.82.719.4
25Metta World PeaceSF3679260947276'05-'06FALSESAC404040.1615.80.3831.550.3023.34.60.7171.244.20.8232.216.9
25Metta World PeaceSF3679260947276'06-'07FALSESAC706537.76.514.90.441.33.70.3584.45.90.741.553.40.62.12.92.118.8
25Metta World PeaceSF3679260947276'07-'08FALSESAC575438.17.616.90.4531.53.90.383.75.20.7191.843.50.72.32.82.620.5
25Metta World PeaceSF3679260947276'08-'09FALSEHOU695535.56150.4012.25.60.3992.83.80.7480.94.33.30.31.52.2217.1
25Metta World PeaceSF3679260947276'09-'10FALSELAL777733.849.60.4141.43.80.3551.72.40.6881.3330.31.42.11.611
25Metta World PeaceSF3679260947276'10-'11FALSELAL828229.43.280.39712.80.3561.11.70.6761.222.10.41.52.21.18.5
25Metta World PeaceSF3679260947276'11-'12FALSELAL644526.92.97.30.3940.930.2961.11.80.6171.12.32.20.41.12.11.17.7
25Metta World PeaceSF3679260947276'12-'13FALSELAL756633.74.4110.4031.95.50.3421.72.30.7341.43.61.50.61.62.61.312.4
25Metta World PeaceSF3679260947276'13-'14FALSENY29113.41.94.90.3970.61.90.3150.30.60.6250.61.40.60.30.81.50.74.8
25Metta World PeaceSF3679260947276'15-'16FALSELAL35516.91.65.10.3110.72.40.311.11.60.7020.520.80.30.61.90.45
25Metta World PeaceSF3679260947276CareerFALSE
96683832.44.811.60.4151.23.50.342.73.70.7161.23.42.70.51.82.71.813.5
25Metta World PeaceSF3679260947276'01-'02TRUEIND5533.44.410.80.4071.22.60.4621.82.60.6921.24.8

Step by Step Solution

★★★★★

3.48 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

First subset the NBA data to include only career statistics Season Career for regular season Postsea... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Analytics Data Questions!

Q:

A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...

Q:

The 1991 accounting numbers for major league baseball are given in Table P-24. All figures are in millions of dollars. The numerical variables are GtReceit (Gate Receipts), MediaRev (Media Revenue),...

Q:

The article "Estimating Resource Requirements at Conceptual Design Stage Using Neural Networks" (A. Elazouni, I. Nosair, et al., Journal of Computing in Civil Engineering, 1997:217-223) suggests that...

Q:

The International Journal of Human Resource Management 10:3 June 1999 488 500 The coffee-machine system: how international selection really works Hilary Harris and Chris Brewster Abstract The...

Q:

Ferrell & Gresham (1985), A Contingency Framework for Understanding Ethical Decision Making in Marketing, Journal of Marketing, Vol. 49 (Summer), pp. 87-96. Just Try and Social Distance This,...

Q:

Conduct an internet search to find an organization that lists its mission and vision statement on its website. What do the mission and vision statements communicate? How might the organization use...

Q:

!Help me please. (e) Revolution comes, and all taxes and subsidies are abolished. Even better, the consumer finds a new shop that offers bulk discounts. In this shop, footballs cost $4 each if you...

Q:

This chapter presents students and early career executives with a sound understanding of theory. Theory is explored in terms of both anatomy (parts of the whole) and physiology (relationships with...

Q:

April 16, 2007 20:3 WSPC/177-JCR 00049.tex Journal of Construction Research, Vol. 7, Nos. 1&2 (2006) 111-132 c World Scientic Publishing Company \u0001 ASSESSMENT OF RISK PERCEPTION OF IRONWORKERS...

Q:

Possible Multiple Choice Questions for the Exam. Focus on the topics discussed in class. Chapter 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____...

Q:

A motor is used to drive a fan that produces an air flow of 5000 cubic meters per hour. If the motor has an efficiency of 75%, what is the power input required to drive the fan?

Q:

Figure 17a and 17b show the position s as a function of time t for two particles that are moving along a line. For each particle, is the velocity increasing or decreasing? Explain. fas

Q:

Calculate the cost of manufacturing a chair using the following information for a furniture manufacturer:

Q:

LO11.6 Review bad-news messages for effectiveness and fairness.

Q:

American football is the highest-paying sport on a per-game basis. Given that the quarterback is considered the most important player on the team, he is typically well-compensated. A sports...

Q:

The director of college admissions at a local university is trying to determine whether a students high school GPA or SAT score is a better predictor of the students subsequent college GPA. She...

Q:

For a large restaurant chain, a financial analyst uses the following model to estimate a franchises net profit: y = 0 + 1 x 1 + 2 x 2 + i , where y is net profit, x 1 is counter sales, and x 2 is...

Q:

Wilson Entrepreneur Services, Inc is a legal services firm that files necessary paperwork and documentation for businesses to incorporate. Wilson charges $ 1 , 2 0 0 for the incorporation application...

Q:

i want answer in 30 mins and correct answer thanks for your help 1. What do the concepts of management and transactional leadership have in common

Q:

Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials Direct...