Question
Please answer questionsA and Bbased on the following Best Subsets Regression. Best Subsets Regression:Dependent variable Salesversus independent variables Price, Promotional Expenditure, Location & Store Size
Please answer questionsA and Bbased on the following Best Subsets Regression.
Best Subsets Regression:Dependent variable Salesversus independent variables Price, Promotional Expenditure, Location & Store Size
Vars | R-Sq | R-Sq (adj) | R-Sq (pred) | Mallows Cp | S | P r i c e | P r o m o t i o n a l E x p | L o c a t i o n | S t o r e S i z e |
1 | 94.4 | 94.2 | 93.5 | 17.2 | 4.6480 | X | |||
1 | 81.0 | 80.2 | 78.0 | 111.3 | 8.5733 | X | |||
1 | 74.7 | 73.7 | 70.9 | 154.9 | 9.8748 | X | |||
2 | 96.4 | 96.1 | 95.3 | 5.1 | 3.7994 | X | X | ||
2 | 95.7 | 95.3 | 94.3 | 10.0 | 4.1559 | X | X | ||
2 | 94.9 | 94.4 | 93.5 | 16.0 | 4.5520 | X | X | ||
3 | 96.8 | 96.4 | 95.3 | 4.1 | 3.6469 | X | X | X | |
3 | 96.8 | 96.3 | 95.3 | 4.6 | 3.6897 | X | X | X | |
3 | 95.8 | 95.2 | 93.7 | 11.3 | 4.1998 | X | X | X | |
4 | 97.0 | 96.4 | 94.8 | 5.0 | 3.6377 | X | X | X | X |
- A) If you want to consider regression models with just two independent variables, which variables would you consider including based on the S criterion? (10 points)
- B) If you want to consider regression models with just one independent variable, which variable would you consider including according to the R-Sq(adj) criterion? (10 points)
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