Engineer/Stats/Economics.Entry Level Salary (of 500 MBAS) was regressed on X1: MBA CGPA, X2: Undergrad CGPA andwhether the student wasDummy 1 = 1 for Engineer; Dummy 2 = 1for Stats. The output from a Statistical package is given below. Answer the questions thatfollow.VariableInterceptX1X2Dummy 1Dummy 2Parameter EstimatesCoefficient Std Error t Value P Value1.413.202.123.102.003.216.825.252.603.9321Owww.w2.282.132.480.841.970.020.030.010.400.05What is the advantage of Statistics over Economics?StdEstimatesVIF90% ConfLimits0.890.701.886.550.35 11.004.940.201.45-4.370.10 4.20 -0.575.5312.088.747.707.22Explain your inference from the QQ PlotList the variables accepted at alpha - 10%?Explain which independent variable is most collinear with the other independent.variables?Which variable is influencing the dependent variable the maximum?I

Given is question based on regression analysis for predicting entry level salary of MBAs. Since you…

Explain your inference from the QQ Plot List the variables accepted at alpha -10%? Explain which independent variable is most collinear with the other independent. variables? Which variable is influencing the dependent variable the maximum?

Explain your inference from the QQ Plot List the variables accepted at alpha -10%? Explain which independent variable is most collinear with the other independent. variables? Which variable is influencing the dependent variable the maximum?

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

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Question

Engineer/Stats/Economics.
Entry Level Salary (of 500 MBAS) was regressed on X1: MBA CGPA, X2: Undergrad CGPA and
whether the student was
Dummy 1 = 1 for Engineer; Dummy 2 = 1
for Stats. The output from a Statistical package is given below. Answer the questions that
follow.
Variable
Intercept
X1
X2
Dummy 1
Dummy 2
Parameter Estimates
Coefficient Std Error t Value P Value
1.41
3.20
2.12
3.10
2.00
3.21
6.82
5.25
2.60
3.93
2
1
O
www.w
2.28
2.13
2.48
0.84
1.97
0.02
0.03
0.01
0.40
0.05
What is the advantage of Statistics over Economics?
Std
Estimates
VIF
90% Conf
Limits
0.89
0.70
1.88
6.55
0.35 11.00
4.94
0.20
1.45
-4.37
0.10 4.20 -0.57
5.53
12.08
8.74
7.70
7.22
Explain your inference from the QQ Plot
List the variables accepted at alpha - 10%?
Explain which independent variable is most collinear with the other independent.
variables?
Which variable is influencing the dependent variable the maximum?
I

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