Reference no: EM132858172

The following table lists some of the techniques/values we have used in class; use this information to answer the following questions:

R-sq

R2 adj

Stepwise Regression
Whole model F test
Interaction Variable
T test (2-tail) for regression coefficient
Residual Plot for Nonlinearity
T test (1-tail) for regression coefficient
Variance inflation factor
Residual Plot for Homoscedasticity
Prediction interval
Standard Error of Estimate

Trojan Business Analytics Company wants to build a regression model to estimate the Store Revenue for Tara Store located in Malls (the data consists of 80 stores). The Predictors of interest are Size of Store, Number of Employees per Store, Average Income of Residents in Mall Zip code and Number of other stores located in the Mall. Currently the Tara Store is in two Western States of US (California and Oregon). An Indicator variable California is created to enrich the model.

a) Trojan Business Analytics wants to select and get a statistically significant model with significant variables in the model, the technique is

Technique: __________________________

(Note: Each question is independent)