A. At 95% confidence, determine which variables are significant and which are not. B. Remove any independent variable that is not significant from the estimate regression equation. What is your recommended estimated regression equation? Compute the R2 with the value of R2 from part (a). Discuss the differences.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter7: Distance And Approximation
Section7.3: Least Squares Approximation
Problem 35EQ
icon
Related questions
icon
Concept explainers
Question
A. At 95% confidence, determine which variables are significant and which are not. B. Remove any independent variable that is not significant from the estimate regression equation. What is your recommended estimated regression equation? Compute the R2 with the value of R2 from part (a). Discuss the differences.
MGT3310 Final Exam - Read-Only - Word
O Search
Woods, Timothy D. WT
国
Home
Insert
Draw
Design
Layout
References
Mailings
Review
View
Help
A Share
4. The prices of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of
company's stocks sold (x1), and the volume of exchange (in millions) on the New York Stock
Exchange (x2) are shown below.
Day
(v)
87.50
(x1)
(x2)
11.00
950
86.00
945
11.25
3
84.00
940
11.75
4.
83.00
930
11.75
84.50
935
12.00
6.
84.00
935
13.00
82.00
80.00
932
13.25
14.50
8.
938
9.
78.50
925
15.00
10
79.00
900
16.50
11
77.00
875
17.00
12
77.50
870
17.50
of 4
1257 words
P Type here to search
O Facus
a
72°F
8:48 PM
依
7/1/2021
Transcribed Image Text:MGT3310 Final Exam - Read-Only - Word O Search Woods, Timothy D. WT 国 Home Insert Draw Design Layout References Mailings Review View Help A Share 4. The prices of Rawlston, Inc. stock (y) over a period of 12 days, the number of shares (in 100s) of company's stocks sold (x1), and the volume of exchange (in millions) on the New York Stock Exchange (x2) are shown below. Day (v) 87.50 (x1) (x2) 11.00 950 86.00 945 11.25 3 84.00 940 11.75 4. 83.00 930 11.75 84.50 935 12.00 6. 84.00 935 13.00 82.00 80.00 932 13.25 14.50 8. 938 9. 78.50 925 15.00 10 79.00 900 16.50 11 77.00 875 17.00 12 77.50 870 17.50 of 4 1257 words P Type here to search O Facus a 72°F 8:48 PM 依 7/1/2021
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Correlation, Regression, and Association
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax