Question: a. Obtain a correlation matrix. Which independent variable has the strongest correlation with the dependent variable? b. Run the regression with two independent variables only

 a. Obtain a correlation matrix. Which independent variable has the strongest

a. Obtain a correlation matrix. Which independent variable has the strongest correlation with the dependent variable? b. Run the regression with two independent variables only (Years and Rating). Interpret the results: (i) regression coefficients, (ii) R2, (iii) ANOVA table. Use th 5% level of significance. C. Run the above regression including the dummy variable, Masters. Interpret the regression coefficients of Masters. b. Run the above regression (c) including an interaction term (Years x Rating). Interpret the regression coefficients of the interaction term

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!