Use the Manufacturing database to develop a multiple regression model to predict Cost of Materials by Number
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Use the Manufacturing database to develop a multiple regression model to predict Cost of Materials by Number of Employees, New Capital Expenditures, Value Added by Manufacture, Value of Industry Shipments, and End-of- Year Inventories. Create indicator variables for values of industry shipments that have been coded from 1 to 4. Use a stepwise regression procedure. Does multicollinearity appear to be a problem in this analysis? Discuss the results of the analysis.
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1119320890
9th edition
Authors: Ken Black
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