Techcore is a high-tech company located in Fort Worth, Texas. The company produces a part called a fibre-optic connector (FOC) and wants to generate forecasts (i.e., predictions) of the sales of FOCs over time. The company has weekly sales data for the past 265 weeks. The available variables are contained in the worksheet "FOC8" and defined as follows.

SALES: Sales of FOC (y)

COMPOSITE: Friday close of the NYSE Composite Index

INDUSTRIAL: Friday close of the NYSE Industrial Stocks

TRANS: Friday close of the NYSE Transportation Stocks

UTILITY: Friday close of the NYSE Utility Stocks

FINANCE: Friday close of the NYSE Financials

Perform a Backward Elimination variable selection analysis for these data.Use a 5% level of significancein your analysis and to answer all questions below. Use the output to answer the following questions.

How many variables are in the model at the beginning of step #2 of the process? (Enter a whole number.)

How many variables are in the final model? (Enter a whole number.)

https://docs.google.com/spreadsheets/d/1DcXS96HY0qXiM4ntanyRb1fmCywtbxag58dFzNd6Tsc/edit?usp=sharing

Answer rating: 100% (QA)

SOLUTION Based on the provided URL Question 1 How many varia... View the full answer