Question
https://drive.google.com/file/d/1TmU35oIgkgZqGTIhwDiPASjy47qk9nyX/view?usp=sharing Attached Files:(STartups Data.csv) you can get datset from above link Many of today's leading companies, including Google, Microsoft, and Facebook, are based on technologies
https://drive.google.com/file/d/1TmU35oIgkgZqGTIhwDiPASjy47qk9nyX/view?usp=sharing
Attached Files:(STartups Data.csv) you can get datset from above link
Many of today's leading companies, including Google, Microsoft, and Facebook, are based on technologies developed within universities. Lisa Fisher is a business school professor who would like analyze university factors that enhance innovation. The accompanying data file shows information that she has collected on 143 universities for a regression where the response variable is the number of startups (Startups), which is used as a measure for innovation. The predicator variables include the university's research expenditure (Research in $ millions), the number of patents issued (Patents), and the age of its technology transfer office (Duration in years). Load the following dataset in R.
Review the Readings/Resources in the unit. Complete the following tasks:
- Build an lm() model in R to estimate:
- Startups = 0 + 1Research + 2Patents + 3Duration +
- Interpret the coefficients of Research, Patents and Duration.
- Use the predict() command to predict the number of startups for a university that spent $120 million on research, was issued eight patents, and has had a technology transfer office for 20 years.
- How much more research expenditure is needed for the university to have an additional predicted startup, with everything else being the same?
- What is the standard error of the estimate?
- Find and interpret the coefficient of determination.
- At the 5% significant level, determine if all predictors variables individually significant in Startups (outcome).
- Explore the data to determine if the assumptions are violated.
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