Rachel collects police data on a series of burglaries and wishes to determine the factors that influence
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Rachel collects police data on a series of burglaries and wishes to determine the factors that influence the amount of property stolen in each case. She creates a multivariate regression model and runs a test of tolerance for each of the independent variables. Her results are as follows, where Y = Amount of property stolen ($):
Would you advise Rachel to make any changes to her model? Explain your answer.
Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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