I am trying to figure out how to measure an athlete's productivity. So, I have run a linear regression of a NBA player's salary (dependent variable) on a player's statistics including average points, assists, rebounds per game, and turnovers per game (the independent variables). The final model is: Salary = 1,000,000 * Points per game + 50,000 * Assists per game + 20,000 * Rebounds per game - 30,000 * Turnovers per game %3D Last year, Lebron James averaged 25 points per game, 8 assists per game, 8 rebounds per game and 4 turnovers per game. What is Lebron's predicted salary?

I am trying to figure out how to measure an athlete's productivity. So, I have run a linear regression of a NBA player's salary (dependent variable) on a player's statistics including average points, assists, rebounds per game, and turnovers per game (the independent variables). The final model is: Salary = 1,000,000 * Points per game + 50,000 * Assists per game + 20,000 * Rebounds per game - 30,000 * Turnovers per game %3D Last year, Lebron James averaged 25 points per game, 8 assists per game, 8 rebounds per game and 4 turnovers per game. What is Lebron's predicted salary?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 1E

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