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A manager has the following dataset about 20 consumers' income level and the related information. Income 5000 7000 6000 5500 7500 6500 9200 7500
A manager has the following dataset about 20 consumers' income level and the related information. Income 5000 7000 6000 5500 7500 6500 9200 7500 5800 7500 6500 8000 7500 5800 5500 7500 6500 9200 7500 6200 Age 25 30 28 25 32 28 42 32 22 32 28 36 32 25 25 32 28 42 32 30 The rent of the house 1000 2000 1500 1000 2000 1500 1000 2000 1500 2000 1500 1000 2000 1500 1200 2000 1300 1000 2000 1560 Local or Not Y N Y Y N Y Y N Y N Y Y N Y Y N Y Y N N Degree Bachelor Master Master Bachelor Master Master Ph.D. Master Master Master Master Ph.D. Master Master Bachelor Master Master Ph.D. Master Master (a) Please use EXCEL to conduct multiple linear regressions to predict income using the four variables including age, rent, local or not, and degree. (b) Please list the regression formula based on EXCEL output.
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Quantitative Methods For Business
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam
11th Edition
978-0324651812, 324651813, 978-0324651751
