Question: In an effort to model executive compensation for the year 1979, 33 firms were selected, and data were gathered on compensation, sales, profits, and employment.

In an effort to model executive compensation for the year 1979, 33 firms were selected, and data were gathered on compensation, sales, profits, and employment.

p Consider the model, 1. Fit the regression with the model above.

2. Is a model with a subset of the variables preferable to the full model?

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