Please generate a histogram and a horizontal boxplot to show the distribution of Severity. For the...
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Please generate a histogram and a horizontal boxplot to show the distribution of Severity. For the histogram, use a bin-width of $500 and put the number of policies on the vertical axis. Put the two graphs in the same chart where the histogram is above the boxplot. b) (10 points). What is the log-likelihood value, the Akaike Information Criterion (AIC) value, and the Bayesian Information Criterion (BIC) value of the Intercept-only model? Question 2 (30 points) Use the Forward Selection method to build our model. The Entry Threshold is 0.01. a) (10 points). Please provide a summary report of the Forward Selection in a table. The report should include (1) the step number, (2) the predictor entered, (3) the number of non-aliased parameters in the current model, (4) the log-likelihood value of the current model, (5) the Deviance Chi-squares Please generate a histogram and a horizontal boxplot to show the distribution of Severity. For the histogram, use a bin-width of $500 and put the number of policies on the vertical axis. Put the two graphs in the same chart where the histogram is above the boxplot. b) (10 points). What is the log-likelihood value, the Akaike Information Criterion (AIC) value, and the Bayesian Information Criterion (BIC) value of the Intercept-only model? Question 2 (30 points) Use the Forward Selection method to build our model. The Entry Threshold is 0.01. a) (10 points). Please provide a summary report of the Forward Selection in a table. The report should include (1) the step number, (2) the predictor entered, (3) the number of non-aliased parameters in the current model, (4) the log-likelihood value of the current model, (5) the Deviance Chi-squares
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Cost Management A Strategic Emphasis
ISBN: 9781259917028
8th Edition
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
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