Question: Help please! Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to

Help please!


Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age) and a dummy variable for management position (Manager: 1 = yes, 0 = no). The results of the regression analysis are given below: Regression Statistics Multiple R 0.6391 R Square 0.4085 Adjusted R Square 0.3765 Standard Error 18.8929 Observations 40 ANOVA SS MS F Significance F Regression 2 9119.0897 4559.5448 12.7740 0.0000 Residual 37 13206.8103 356.9408 Tota 39 22325.9 Coefficients Standard Error t Stat P-value Intercept -0.2143 11.5796 -0.0185 0.9853 Age 1.4448 0.3160 4.5717 0.0000 Manager -22.5761 11.3488 -1.9893 0.0541 True or False: The null hypothesis should be rejected at a 10% level of significance when testing whether age has any effect on the number of weeks a worker is unemployed due to a layoff while holding constant the effect of the other independent variable. O True O FalseBusiness closures in Laramie, Wyoming from 2007 to 2012 were: 2007 10 2008 11 2009 13 2010 19 2011 24 2012 35 Microsoft Excel was used to fit both first-order and second-order autoregressive models, resulting in the following partial outputs: SUMMARY OUTPUT - 2nd Order Model Coefficients Intercept -5.77 X Variable 1 0.80 X Variable 2 1.14 SUMMARY OUTPUT - 1st Order Model Coefficients Intercept -4.16 X Variable 1 1.59 True or False: The values of the MAD for the two models indicate that the first-order model should be used for forecasting. O True O False
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