Determine the subset of variables, Applied Statistics

Assignment Help:

Agency revenues. An economic consultant was retained by a large employment agency in a metropolitan area to develop a regression model for predicting monthly agency revenues ( y ). She decided that three economic indicators for the area were potentially useful as independent variables, namely, average weekly overtime hours of production workers in manufacturing ( 1 x ), number of job vacancies in manufacturing ( 2 x ), and index of help wanted advertising in newspapers ( 3 x ). Monthly observations on agency revenues and the three independent variables were obtained for the past 25 months. The ANOVA table for the model  is as follows:

1479_Determine the subset of variables.png

The consultant decided to screen the independent variables to determine the best set for predicting agency revenues. The regression sums of squares for all possible regression models were found to be as follows:

1358_Determine the subset of variables1.png

(a) Determine the subset of variables that is selected as best by the forward selection procedure using F0* = 4.2  (to-add-variable). Show your steps.
 
(b) Determine the subset of variables that is selected as best by the backward elimination procedure  using  F0** = 4.1 (to-delete-variable). Show your steps.

NOTE:   ( t0** ) 2  = F0**
 
(c) Determine the subset of variables that is selected as best by the stepwise regression procedure using  F0* = 4.2  (to-add) and F0**
= 4.1 (to-delete). Show your steps.


Related Discussions:- Determine the subset of variables

Pneumatic actuator design matrix, Pneumatic Actuator Design Matrix: The ra...

Pneumatic Actuator Design Matrix: The range of actuator design parameters have been provisionally assessed and are presented in Table. You are required to determine the following

#title. .explanatory factor analysis, how to compute reliability coefficien...

how to compute reliability coefficient for extracted factors in factor analysis?

Vital statistics, How vital statistics are affects on our human life

How vital statistics are affects on our human life

Enumerate the set, Grid is the set of pairs {1, 2, 3, 4} x {1, 2, 3, 4}. ...

Grid is the set of pairs {1, 2, 3, 4} x {1, 2, 3, 4}. Image is the power set of Grid. An element of Image is a subset of Grid and can be represented by a diagram on a 4 by 4

Types of averages, The following are the various types of common averages u...

The following are the various types of common averages used in statistical analysis given in the form of a chart. Figure 1

Principles of data analysis, For the data analysis project, you will addres...

For the data analysis project, you will address some questions that interest you with the statistical methodology we are learning in class.   You choose the questions; you decide h

Measurement errors models, How can we analyse data with four bilateral resp...

How can we analyse data with four bilateral response variables measured with errors and three covariated measured without errors?

Probability and expectation, Ten balls are put in 6 slots at random.Then ex...

Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots

Probability, Ask queFrom these studies, which of the following may be consi...

Ask queFrom these studies, which of the following may be considered a variable that can have a probability distribution? [I] Percentage of Sub-Saharan Africans that smoke [II] Perc

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd