Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

  1. 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)
  2. 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)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Calculus Early Transcendental Single Variable

Authors: Howard Anton, Irl C Bivens, Stephen Davis

11th Edition

1118885589, 9781118885581

More Books

Students also viewed these Mathematics questions