Question: Use the Manufacturing database from Excel Databases.xIs on Blackboard. Use Excel to develop a multiple regression model to predict Cost of Materials by Number of
Use the Manufacturing database from "Excel Databases.xIs" on Blackboard. Use Excel to develop a multiple regression model to predict Cost of Materials by Number of Employees, New Capital Expenditures, Value Added by Manufacture, and End-of-Year Inventories. Locate the observed value that is in Industrial Group 12 and has 7 employees. Based on the model and the multiple regression output, what is the corresponding residual of this observation? Write your answer as a number, round to 2 decimal places
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