6. Using the data in the Excel file Demographics, apply the Excel Regression tool using unemployment rate

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6. Using the data in the Excel file Demographics, apply the Excel Regression tool using unemployment rate as the dependent variable and cost of living index as the independent variable.

a. Interpret all key regression results, hypothesis tests, and confidence intervals in the output.

b. Analyze the residuals to determine if the assumptions underlying the regression analysis are valid.

c. Use the standard residuals to determine if any possible outliers exist.

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Business Analytics Methods Models And Decisions

ISBN: 9780132950619

1st Edition

Authors: James R. Evans

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Question Posted: Oct 29, 2024 09:01 AM

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6. Using the data in the Excel file Demographics, apply the Excel Regression tool using unemployment rate

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Business Analytics Methods Models And Decisions

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