Question: This exercise can be done in Excel, R Studio or a mix of both . College basketball is big business with coaches' salaries, program's revenues
This exercise can be done in Excel, R Studio or a mix of both. College basketball is big business with coaches' salaries, program's revenues and program's expenses in millions of dollars.You plan to develop a regression model to predict a coach's salary based on a popular measure that some people look at: winning percentage.Here we have 2018 data for coaches' salary and the winning percentage in the previous year (2017) in percentage points.
a)Georgetown's winning percentage for 2017 was 50% and that we have no information about the program's expenses or revenues.Assuming that this information is correct and the model is valid, run a regression using the winning percentage as the only predictor, i.e.,
Then predict the salary of Georgetown's coach in 2018.
B. Briefly discuss why this regression may be considered as a poor one by referring to a relevant statistic or output.Then explain why winning percentage in one year may not signal a coach's salary in the next year.
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