Please evaluate the correlation matrix below, assuming stock price is the response variable in a series...

Please evaluate the correlation matrix below, assuming stock price is the response variable in a series of multiple regression equations you plan to run. If you are using this as a diagnostic tool, what are you looking for? If this was your data, how would you proceed?

	Stock Price	Competitiveness	Innovativeness	Firm Size	Firm Age
Stock Price	1.0
Competitiveness	.73	1.0
Innovativeness	.49	.81	1.0
Firm Size	.17	.12	.03	1.0
Firm Age	.26	-.31	-.49	.62	1.0

Expert Solution

orchestra answered 1 year ago

what is the trace of correlation matrix ? explian in detials please?

(a)What is the explanatory variable and the response variable? (b) Find the correlation between boat registrations...

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