Question
create a regression model for the Wedding Cost data set, using Wedding Cost as the dependent variable, and all other variables as independent variables. Try
create a regression model for the Wedding Cost data set, using Wedding Cost as the dependent variable, and all other variables as independent variables. Try whether the Bride and Groom were payors for the wedding, and at least one additional interaction term in the model. Do that by Excel
| Couple's Income | Bride's age | Payor | Wedding cost | Attendance | Value Rating |
| $130,000 | 22 | Bride's Parents | $60,700.00 | 300 | 3 |
| $157,000 | 23 | Bride's Parents | $52,000.00 | 350 | 1 |
| $98,000 | 27 | Bride & Groom | $47,000.00 | 150 | 3 |
| $72,000 | 29 | Bride & Groom | $42,000.00 | 200 | 5 |
| $86,000 | 25 | Bride's Parents | $34,000.00 | 250 | 3 |
| $90,000 | 28 | Bride & Groom | $30,500.00 | 150 | 3 |
| $43,000 | 19 | Bride & Groom | $30,000.00 | 250 | 3 |
| $100,000 | 30 | Bride & Groom | $30,000.00 | 300 | 3 |
| $65,000 | 24 | Bride's Parents | $28,000.00 | 250 | 3 |
| $78,000 | 35 | Bride & Groom | $26,000.00 | 200 | 5 |
| $73,000 | 25 | Bride's Parents | $25,000.00 | 150 | 5 |
| $75,000 | 27 | Bride & Groom | $24,000.00 | 200 | 5 |
| $64,000 | 25 | Bride's Parents | $24,000.00 | 200 | 1 |
| $67,000 | 27 | Groom's Parents | $22,000.00 | 200 | 5 |
| $75,000 | 25 | Bride's Parents | $20,000.00 | 200 | 5 |
| $67,000 | 30 | Bride's Parents | $20,000.00 | 200 | 5 |
| $62,000 | 21 | Groom's Parents | $20,000.00 | 100 | 1 |
| $75,000 | 19 | Bride's Parents | $19,000.00 | 150 | 3 |
| $52,000 | 23 | Bride's Parents | $19,000.00 | 200 | 1 |
| $64,000 | 22 | Bride's Parents | $18,000.00 | 150 | 1 |
| $55,000 | 28 | Bride's Parents | $16,000.00 | 100 | 5 |
| $53,000 | 31 | Bride & Groom | $14,000.00 | 100 | 1 |
| $62,000 | 24 | Bride's Parents | $13,000.00 | 150 | 1 |
| $40,000 | 26 | Bride's Parents | $7,000.00 | 50 | 3 |
| $45,000 | 32 | Bride & Groom | $5,000.00 | 50 | 5 |
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
