Question: The file FTMBA contains a sample of 2012 top-ranked full-time MBA programs. Variables included are mean starting salary upon graduation ($), percent of students with

The file FTMBA contains a sample of 2012 top-ranked full-time MBA programs. Variables included are mean starting salary upon graduation ($), percent of students with job offers within three months of graduation, program cost ($), and total number of students per program.

Develop the most appropriate multiple regression model to predict the mean starting salary upon graduation. Be sure to include a thorough residual and influence analysis. In addition, provide a detailed explanation of the results, including a comparison of the most appropriate multiple regression model to the best simple linear regression model?

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Let Y Average Salary X 1 Program Cost X 2 Total Students X 3 Job Offers Based on a full regression model involving all of the variables All VIF s are ... View full answer

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