Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

not sure of selected answer is correct.please provide explanation! thank you Suppose you are building a model to predict the amount of traffic a web

not sure of selected answer is correct.please provide explanation! thank you

image text in transcribed
Suppose you are building a model to predict the amount of traffic a web site will get based on a variety of factors, for example the type of content it has, the amount of advertising that is devoted to it, and the amount of money used to create the site. Suppose that you add another variable such as the number of links to it on other sites, and this new variable is not statistically significant and adding it does not increase the R2 of the regression much. But you think it should be important and decide to keep it in anyway. A justifiable reason to keep it is: O Removing it would not be very difficult. It is possible that with the addition of other variables its statistical significance will increase. There are probably also many other variables you could add to the regression that will not be statistically significanteither. O Removing it might not change the R2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A First Course in Differential Equations with Modeling Applications

Authors: Dennis G. Zill

11th edition

978-1305965720

Students also viewed these Mathematics questions