Question: Using the Metals data, construct a correlation matrix of the six independent variables. The response variable is Priceylb. (a) Identify any pairs of independent variables

Using the "Metals" data, construct a correlation matrix of the six independent variables. The response variable is Priceylb.
(a) Identify any pairs of independent variables that have a significant pairwise correlation.
(b) Using MegaStat or MINITAB, run the regression with all six predictor variables, calculating the VIF for each predictor.
(c) Did you see any cause for concern based on the VIF values? Why or why not?

Step by Step Solution

★★★★★

3.40 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Al and Si r 456 Cr and Zn r 529 are significantly ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

485-M-S-L-R (3587).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Construct a correlation matrix for the four independent variables for Problem 14.14 and search for possible multi-co-linearity. What did you find, and why? 267578928241132678 24 6 3 2 2 2 4 4 3 1 6 5...

For the data set (a) Construct a correlation matrix between x1, x2, x3, and y. Is there any evidence that multicollinearity exists? Why? (b) Determine the multiple regression line with x1, x2, and x3...

For the data set (a) Construct a correlation matrix between x1, x2, x3, x4, and y. Is there any evidence that multicollinearity may be a problem? (b) Determine the multiple regression line using all...

Need help with answering questions. Will have to manually solve problems. Section Exercise 13-14 An agribusiness performed a regression of wheat yield [bushels per acre} using observations on 25 test...

Need Help with the Section Exercise 13-14 An agribusiness performed a regression of wheat yield [bushels per acre} using observations on 25 test plots with four predictors (rainfall, fertilizer, soil...

Using the Households Data, perform a correlation matrix including all variables except ID. Which variables seem promising for a possible independent variable that explains Income. Prepare scatter...

Background The Science Department of a university in Queensland has recently experienced high student attrition rates in its science programs. It was observed that most of the attrition occurred at...

ENTERPRISE INDUSTRIES Enterprise Industries produces Fresh, a brand of liquid detergent. In order to more effectively manage its inventory, the company would like to better predict demand for Fresh....

9 17 4. 10 12 13 14 15 16 Enterprise Industries produces Fresh, a brand of liquid detergent. In order to more effectively manage its inventory, the company would like to better predict demand for...

I NEED HELP WITH G, H, I !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ENTERPRISE INDUSTRIES Enterprise Industries produces Fresh, a brand of liquid detergent. In...

let a & b be two distinct 3-Dim. vectors. Then the component of b that is far to a is given by.

According to Sell's article, how do men and women develop their procreative identities? How are childfree lifestyles viewed socially? Do you know anyone that has chosen to "live" a childfree...

5 Read the following extract and note down the literary devices that the writer has used.

In what part of the Internal Revenue Code will you find the rules for corporate distributions and adjustments? a. Subchapter B. b. Subchapter C. c. Subchapter K. d. Subchapter S.

The mean of set A is larger than that of set B, but the median of set B is larger than the median of set A. Label each dotplot with its mean and median in the correct place.

The standard deviation of set A is larger, but the interquartile range of set B is larger. Report both standard deviations and inter-quartile ranges.

College students and surfers Rex Robinson and Sandy Hudson collected data on the self-reported numbers of days surfed in a month for 30 longboard surfers and 30 shortboard surfers. Longboard: 4, 9,...

6. (TCO 4) Ignoring the option to expand: (Points : 4) overestimates the internal rate of return on a project. ignores the possibility that a negative net present value project might be positive,...

Select a major industrial or commercial company based in the United States and listed on one of the major stock exchanges in the United States. Each student should select a different company. Avoid...

Olsen Outfitters Inc. believes that its optimal capital structure consists of 60% common equity and 40% debt, and its tax rate is 40%. Olsen must raise additional capital to fund its upcoming...