Question: Use the Manufacturing database to develop a multiple regression model to predict Cost of Materials by Number of Employees, New Capital Expenditures, Value Added by

Use the Manufacturing database to develop a multiple regression model to predict Cost of Materials by Number of Employees, New Capital Expenditures, Value Added by Manufacture, Value of Industry Shipments, and End-of-Year Inventories. Create indicator variables for values of industry shipments that have been coded from 1 to 4. Use a stepwise regression procedure. Does multicollinearity appear to be a problem in this analysis? Discuss the results of the analysis.

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