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In: Statistics and Probability

Week 8: Predict Your Salary Suppose you went to the Bureau of Labor Statistics web site...

Week 8: Predict Your Salary

  1. Suppose you went to the Bureau of Labor Statistics web site and found several predictors of your salary. State three possible predictors and a simulated multilinear regression equation along with their p-values. What do your p-values tell you about your predictors?
  2. How does multilinear regression analysis apply to your profession as a supply chain business analyst? Specify the dependent value and the set of predictors. Where would you get your data?

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