Question
I am using Professional Baseball League as my variables. The dependent variable Players annual pay is determined by independent variables game attendance, ticket sales, market
I am using Professional Baseball League as my variables.
"The dependent variablePlayers annual payis determined by independent variablesgame attendance, ticket sales, market size and concession sales."
Dependent variable:Players payis normally determined by factors such asgame attendance, ticket sales, market size and concession sales.All factors can determine how much the team will generate in revenue, then determines how much a players salary will be.
Primary independent variable:Of coursegame attendance very important as a source of revenue for major league teams.
Three other independent variables:Ticket Sales, Market size and concession sales
All the above mentioned independent variables affect the dependent variable.
Tm
Attendance
Attend/G
BatAge
PAge
BPF
PPF
#HOF
#A-S
#a-tA-S
Est. Payroll
Time
Chall
Succ
Succ%
Managers
ARI
2,135,510
26,364
28.7
28.6
102
102
0
2
7
$124,016,266
3:15
37
21
56%
Lovullo
ATL
2,654,920
32,777
28.0
27.5
108
107
0
3
17
$133,186,667
3:13
30
16
53%
Snitker
BAL
1,307,807
16,146
26.5
27.3
98
101
0
1
3
$82,696,100
3:07
30
11
36%
Hyde
BOS
2,915,502
35,994
27.3
29.0
105
105
0
3
11
$218,978,142
3:25
33
22
66%
Cora
CHC
3,094,865
38,208
27.7
31.1
99
98
0
3
16
$217,805,215
3:12
32
16
50%
Maddon
CHW
1,649,775
20,622
27.6
27.6
99
99
0
3
8
$80,846,333
3:10
28
12
42%
Renteria
CIN
1,809,075
22,334
27.9
28.2
108
108
0
2
11
$109,737,499
3:03
34
14
41%
Bell
CLE
1,738,642
21,465
27.8
28.3
105
104
0
4
13
$151,257,783
3:03
27
15
55%
Francona
COL
2,993,244
36,954
28.2
27.3
115
116
0
4
8
$145,348,500
3:14
38
20
52%
Black
DET
1,501,430
18,536
27.6
27.8
100
102
0
1
9
$100,618,500
3:02
34
14
41%
Gardenhire
HOU
2,857,367
35,276
28.9
29.9
102
100
0
6
15
$166,042,500
3:05
39
20
51%
Hinch
KCR
1,479,659
18,267
27.6
27.9
102
103
0
1
3
$98,183,242
3:03
28
23
82%
Yost
LAA
3,023,012
37,321
28.8
27.0
102
102
0
2
8
$177,345,250
3:15
31
17
54%
Ausmus
LAD
3,974,309
49,066
27.9
28.9
96
94
0
5
13
$193,553,333
3:12
37
22
59%
Roberts
MIA
811,302
10,016
28.4
26.5
95
97
0
1
5
$74,683,643
3:05
43
22
51%
Mattingly
MIL
2,923,333
36,091
28.9
28.7
101
101
0
5
11
$128,842,900
3:16
28
16
57%
Counsell
MIN
2,303,299
28,436
27.8
28.2
98
97
0
3
9
$113,758,333
3:14
39
12
30%
Baldelli
NYM
2,442,532
30,155
27.9
28.6
94
94
0
3
16
$154,837,230
3:09
36
13
36%
Callaway
NYY
3,304,404
40,795
28.3
30.2
99
98
0
5
15
$228,442,421
3:11
22
15
68%
Boone
OAK
1,670,734
20,626
27.8
30.8
93
91
0
2
6
$102,935,833
3:07
29
12
41%
Melvin
PHI
2,727,421
33,672
27.6
28.4
100
100
0
1
12
$141,786,962
3:15
43
23
53%
Kapler
PIT
1,491,439
18,413
27.4
27.2
98
99
0
2
7
$72,915,501
3:12
36
15
41%
HurdleandPrince
SDP
2,396,399
29,585
26.1
26.3
94
94
0
1
5
$90,260,767
3:07
54
25
46%
GreenandBarajas
SEA
1,791,109
22,112
27.8
28.6
94
94
0
1
8
$126,874,600
3:08
38
18
47%
Servais
SFG
2,707,760
33,429
29.9
28.9
95
96
0
1
15
$175,550,753
3:07
28
15
53%
Bochy
Reference:
2019 Major League Baseball Attendance & Team Age. Retrieved from https://www.baseball-reference.com/leagues/MLB/2019-
QUESTION: Write the general form of the regression model (less intercept and coefficients), with the variables named appropriately so reader can identify each variable at a glance:
Dep_Var = Ind_Var_1 + Ind_Var_2 + Ind_Var_3
For instance, a typical model would be written:
Price_of_Home = Square_Footage + Number_Bedrooms + Lot_Size
Where
Price_of_Home: brief definition of dependent variable
Square_Footage: brief definition of first independent variable
Number_Bedrooms: brief definition of second independent variable
Lot_Size: brief definition of third independent variable
[Note: student of course replaces these variable names with his/her own variable names.]
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