Question
Given below are results from the regression analysis on 40 observations where the dependentvariable is the number of weeks a worker is unemployed due to
Given below are results from the regression analysis on 40 observations where the dependentvariable is the number of weeks a worker is unemployed due to a layoff (Y) and the independentvariables are the age of the worker (X1), the number of years of education received (X2), thenumber of years at the previous job (X3), a dummy variable for marital status (X4: 1 = married,0 = otherwise), a dummy variable for head of household (X5: 1 = yes, 0 = no) and a dummyvariable for management position (X6: 1 = yes, 0 = no).
The coefficient of multiple determination ( Rj2) for the regression model using each of the 6variables Xj as the dependent variable and all other X variables as independent variables are,
respectively, 0.2628, 0.1240, 0.2404, 0.3510, 0.3342 and 0.0993.
The variable X1 should be dropped to removecollinearity?
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