When a popular music artist dies, sales of the artist's albums often increase dramatically. A study of

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When a popular music artist dies, sales of the artist's albums often increase dramatically. A study of the effect of after-death publicity on album sales was published in Marketing Letters (March 2016). The following data were collected weekly for each of 446 albums of artists who died a natural death: album publicity (measured as the total number of printed articles in which the album was mentioned at least once during the week), artist death status (before or after death), and album sales (dollars). Suppose you want to use the data to model weekly album sales (y) as a function of album publicity and artist death status. Do you recommend using stepwise regression to find the "best" model for predicting y? Explain. If not, outline a strategy for finding the best model.
Variables Entered Removed Variables Removed Variables Model Entered Method Stepwise (Criteria Probabity-of-F-to-enter <=
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Statistics For Business And Economics

ISBN: 9780134506593

13th Edition

Authors: James T. McClave, P. George Benson, Terry Sincich

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