Question: Model 1: Enter the data into XL Stat and compute a regression model using X1, X2, and X3 to predict Y. (a) Paste the Goodness

Model 1: Enter the data into XL Stat and compute a regression model using X1, X2, and X3 to predict Y.

(a) Paste the “Goodness of Fit Statistics” table. Comment on the R2 and RMSE.

(b) Assume there is a category called “marginal significance” which occupies the range: p > .05 to p <= .1. Which predictor variable is not significant and which is marginally significant?

Model 2: Rerun Model 1, only this time click on the Options tab and check the “Model Selection” box. Make sure that “Best Model” is showing as the option. XLStat now will tell you which model it prefers.

(c) Study the output. Which predictors did XLStat suggest as best?

(d) Do you agree that XLStat’s model is better than Model 1? Justify your answer.

yx1x2x3
145116.456
174817.164
292918.253
323617.941
544016.560
862717.155
1171417.871
1201718.248
1941616.960
20391877
2171418.990
2351118.567

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a Goodness of Fit Statistics Table 1 Goodness of Fit Statistics StatisticValue R208257 Adjusted R207788 RMSE239395 The R2 value of 08257 indicates tha... View full answer

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