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How do I evaluate a regression model in terms of its validity and usefulness? Please explain using the attached model outputs Manufacturing, Finance and Health-dummy
How do I evaluate a regression model in terms of its validity and usefulness? Please explain using the attached model outputs
- Manufacturing, Finance and Health-dummy categorical variables indicating
- sector. The reference category is Government
- Profitability- an index of profitability on a scale of 1-10
- Tenure- an index of how long the respondent firm has been a client
- Size- relative index of respondent firm size size in terms of turnover attributed to it
- Complexity- relative index of number and difficulty of projects on a scale of 1-10
- Satisfaction- internal measure from consultants performing post project analysis
- Upsell- internal measure of potential future business on a scale from 1-10
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