Question

In: Statistics and Probability

Based on the various stepwise approaches for selecting an excellent (if not optimal) fitted multiple regression...

Based on the various stepwise approaches for selecting an excellent (if not optimal) fitted multiple regression model, which one approach would you select if you had to explain to a client what your chosen model is and what approach you used to obtain it?

Solutions

Expert Solution

NOTE:: I HOPE YOUR HAPPY WITH MY ANSWER....***PLEASE SUPPORT ME WITH YOUR RATING...

***PLEASE GIVE ME "LIKE"...ITS VERY IMPORTANT FOR ME NOW....PLEASE SUPPORT ME ....THANK YOU


Related Solutions

What is a fitted value for a multiple regression model and the data that is used...
What is a fitted value for a multiple regression model and the data that is used to create it? Select one. -It is the difference between the actual value of the response variable and the corresponding predicted value (regression error) using the multiple regression model. -It is a statistic that explains the relationship between response and predictor variables. -It is a statistic that is used to evaluate the significance of the multiple regression model. -It is the predicted value of...
Using the International Stock Market data in below, conduct a stepwise multiple regression procedure to predict...
Using the International Stock Market data in below, conduct a stepwise multiple regression procedure to predict DJIA by the Nasdaq, the S&P 500, the Nikkei, the Hang Seng, the FTSE 100, and the IPC. Develop a correlation matrix and discuss the correlations among all variables. ( please show step by step about doing correlation in excel and discuss) Perform a stepwise regression procedure (use α = 0.1) to select predictor variables for the model. Summarize the results (with t-values and...
1.)The data were fitted to the following multiple linear regression model y=Bo+B1X1+B2X2 The standard error for...
1.)The data were fitted to the following multiple linear regression model y=Bo+B1X1+B2X2 The standard error for the coefficient B1 is equal to (keep two decimal places) 2.) For 99% confidence interval for the coefficient B2 is approximately 3.)What is the mean radiations when the current is 15 milliamps and the exposure time is 5 seconds. (Keep 1 decimal place) 4.)The 95% confidence interval for the increase in the mean radiations when the current is fixed and the exposure time change...
Discuss two approaches to using multiple regression when the assumption of multivariate normality is violated.
Discuss two approaches to using multiple regression when the assumption of multivariate normality is violated.
Following is an Estimated Multiple Regression for Cigaretteconsumption in the US. Based on the estimated...
Following is an Estimated Multiple Regression for Cigarette consumption in the US. Based on the estimated parameters, and other statistics, Answer the following questions:CigaConsm = 14.5 + 0.06LnInc – 0.65LnCigPr. + 0.025LnExcTax + 0.034GenderT-stats:            (2.90) ( 1.30)         (-2.25)                (2.40)                   (1.67)Where CigaConsm represents cigarette consumption in millions of boxes per year in a given state; Inc is median household income of the State; Cigpr is cigarette price per pack; Exctax is Excise tax per pack of Cigarette,...
You are given the following output for a multiple regression based on a sample of size...
You are given the following output for a multiple regression based on a sample of size n = 10 Predictions Coefficients Standard Error Constant -0.58762 x1 b1=1.510 0.351 x2 b2=-0.245 0.157 x3 b3=1.823 0.836 SSR=17.56; SSE=8.56 (a) Calculate a 90% confidence interval for β1. Provide a clear interpretation of the interval. (b) Which predictor variable(s) – x1, x2, x3 – should be kept in the regression model and why, if testing at a 5% level of significance? (use two-sided tests)...
Evaluate some background research on the various methods of linear and multiple regression techniques. Then discuss...
Evaluate some background research on the various methods of linear and multiple regression techniques. Then discuss in scholarly detail using examples researched or based on life experiences how linear and multiple regression techniques are used to create data models to help organizations make decisions based on how these models output analyzed data.
Based on the below data what will be the value of standard error? Regression Statistics Multiple...
Based on the below data what will be the value of standard error? Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 8 ANOVA df SS MS F Regression 1 33 33.0 16.5 Residual 6 12 2.0 Total 7 Coefficients Standard Error t Stat P-value Intercept 9 31.274666 3.984284 0.007248 Advertising (thousands of $) 24 6.19330674 1.610802 0.158349 Submit Answer format: Number: Round to: 2 decimal places.
Below you are given a partial computer output from a multiple regression analysis based on a...
Below you are given a partial computer output from a multiple regression analysis based on a sample of 16 observations. Coefficients Standard Error Constant 12.924 4.425 x1 -3.682 2.630 x2 45.216 12.560 Analysis of Variance Source of Variation Degrees of Freedom Sum of Squares Mean Square F Regression 4853 2426.5 Error 485.3 ​ Carry out the test of significance for the variable x1 at the 1% level. The null hypothesis should be options: be tested for β₃ instead. be rejected....
The R output below gives the summary of the multiple regression model for birth weight based...
The R output below gives the summary of the multiple regression model for birth weight based on both gestation length and smoking status: lm(formula = Weight ~ Weeks + SmokingStatus, data = births) Coefficients: Estimate Std. Error t value Pr(>|t|) (Intercept) -1724.42 558.84 -3.086 0.00265 ** Weeks 130.05 14.52 8.957 2.39e-14 *** SmokingStatusSmoker -294.40 135.78 -2.168 0.03260 * --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 484.6 on 97 degrees...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT