Question: How do I evaluate a regression model in terms of its validity and usefulness? Please explain using the attached model outputs Manufacturing, Finance and Health-dummy

 How do I evaluate a regression model in terms of itsvalidity and usefulness? Please explain using the attached model outputs Manufacturing, Financeand Health-dummy categorical variables indicatingsector. The reference category is GovernmentProfitability- an indexof profitability on a scale of 1-10Tenure- an index of how longthe respondent firm has been a clientSize- relative index of respondent firmsize size in terms of turnover attributed to itComplexity- relative index ofnumber and difficulty of projects on a scale of 1-10Satisfaction- internal measure

How do I evaluate a regression model in terms of its validity and usefulness? Please explain using the attached model outputs

  • Manufacturing, Finance and Health-dummy categorical variables indicating
  • sector. The reference category is Government
  • Profitability- an index of profitability on a scale of 1-10
  • Tenure- an index of how long the respondent firm has been a client
  • Size- relative index of respondent firm size size in terms of turnover attributed to it
  • Complexity- relative index of number and difficulty of projects on a scale of 1-10
  • Satisfaction- internal measure from consultants performing post project analysis
  • Upsell- internal measure of potential future business on a scale from 1-10

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