Question: suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and
suppose you perform a multiple regression to predict crime rate in a state and includes as indicators of predictions the homeownership rate divorce rate and the personal bankruptcy
A- Write out the regression equation. discuss each of the
variables
B- discuss how you examine the correlations between the
variables. which independent variables may have strong or weak correlations
with the dependent variable? explain how to check the independent variables for
multicollinearity?
C- What is the coefficient of determination? what does the
coefficient of determination say about the relationship?
D- Explain how to conduct a test of hypothesis on each of the
independent variables. Would you consider deleting any of the variables? if so
which one?
E- Explain how to conduct and interpret a global test on the set
of independent variables?
F- Discuss all assumption to use multi regression analysis and
provide methods to validate them. Indicate the consequences if these
assumptions cannot be met and discuss how to overcome violations of some of the
assumption.
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