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I would like to know how to get this regression analysis issue resolved Question 1: Regression Analysis (TOTAL: 10 marks) The National Basketball Association has
I would like to know how to get this regression analysis issue resolved
Question 1: Regression Analysis (TOTAL: 10 marks) The National Basketball Association has estimated that the salary of a player on a monthly basis in United States Dollars. Table 1 Regression Analysis I Variable Coefficient T-Statistic Constant 1,780,966 13.70 Field Goal 100, 000 |14.38 R-squared 0.68 a. Interpret the coefficients and comment on their importance in explaining the dependent variable. [Your answer should be in a maximum of 6 lines and should include any information needed to evaluate the relationship you provided]. (4 marks) b. Interpret the R-squared of the regression analysis? (1 mark) c. Suggest a variable that could be added to the relationship. Construct a new regression analysis with this variable. How does your interpretation of the relationship change with the inclusion of this variable? [Your answer should include any information needed to evaluate the relationship you provided]Step by Step Solution
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