Question: 1. Because the committee is very interested in using predicted first-year MBA grade point average in measuring the quality of applicants to its program, assist

1. Because the committee is very interested in using predicted first-year MBA grade point average in measuring the quality of applicants to its program, assist the members further by carrying out and interpreting the results of an appropriate stepwise regression of the data. (For consistency with Excel results, you may wish to select the alpha-toenter and alpha-to-remove values listed in the Minitab portion of Computer Solutions 17.6.) Discuss the results, including making and supporting any recommendations that you think the committee would find useful. 

2. Based on your analysis in Case Question 2, and even considering the results from a complete regression that uses all of the possible predictive variables, does there seem to be very much variation in the first-year MBA grade point average that is not explained by the independent variables provided in the data? If so, provide the committee with some examples of other quantitative or nonquantitative applicant variables that you think could help them in evaluating the potential for academic success of persons applying for admission to the Westmore MBA program.

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1 Applying stepwise regression with firstyear MBA GPA as the dependent variable We will use Minitab but for consistency with the results that would be obtained with Data Analysis Plus and Excel we wil... View full answer

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