Recall Example 7.12. The full data set related to CEO compensation is contained in Appendix C. Use

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Recall Example 7.12. The full data set related to CEO compensation is contained in Appendix C. Use stepwise regression to select the "best" model with k = 3 predictor variables. Fit the stepwise model, and interpret the estimated coefficients. Examine the residuals. Identify and explain any influential observations. If you had to choose between this model and the k = 2 predictor model discussed in Example 7.12, which one would you choose? Why?
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Business Forecasting

ISBN: 978-0132301206

9th edition

Authors: John E. Hanke, Dean Wichern

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