Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A regression model for is used to forecast supply chain risk for each of the company's suppliers. The model is defined as supplier _ risk
A regression model for is used to forecast supply chain risk for each of the company's suppliers. The model is defined as supplierrisk ~ A B C D where AD are input variables aka independent or feature variables Given the results for the model shown in Figure of the handout, answer the following questions.
apts Is this model a good fit? Explain why or why not
bpts Are the intercept and all input variables significant in the model? If not, which aren't? Explain your answer.
cpts Do you think there might be a problem with one or more features being highly related colinear Explain why or why not
dpts For a supplier, given A B C and D what is the predicted supply chain risk for the supplier? work must be shown Figure Regression Model Results
OLS Regression Results
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started