The Director of Economic Development in Potto Gulch, Wisconsin, is interested in studying the relationship between business
Question:
(a) Interpret the slopes and intercept for this model. What substantive conclusion can the director make about the relationship between business activity and spending on social welfare programs?
(b) The director is concerned about the drop in the explanatory power of the model indicated by the adjusted R2 value. What is probably the reason why the adjusted R2 is lower than R2?
(c) The director has located data on the actual number of Potto Gulch citizens receiving social welfare assistance each year. If the director includes this new variable in the model, which of the current independent variables should be removed from the model? Explain.
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Related Book For
Applied Statistics For Public And Nonprofit Administration
ISBN: 9781285737232
9th Edition
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
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