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please help Truman thospital specisizes in culpatient surgeries for relatively minor procedures. (Click the ioon to view intormation about modical supplies.) Doug estmated the regression
please help
Truman thospital specisizes in culpatient surgeries for relatively minor procedures. (Click the ioon to view intormation about modical supplies.) Doug estmated the regression equation for (a) modical supplies costs and number af procedures and (b) medical supply cests and number of patient-tours and had the (Cick the icon to view the past yeae data.) following resuta (Cick the ioon fo view the regression masuts.) (Cick the icon to view discussion retufts.] Read the tecuirements Begin ty running a multiple regression to nstimate the mogession equation for medical supples costs using boch number of proceduros and number of pationthours as independent variabibe. You should obtain the following result: Rogrssion 3. Medical suppies coots =a a (b1 No. of procedures )+(b2 No. of paberthours) Data table regression equation for (a) medical supplios costs and number of medical supply costs and number of patent.hours and had the Da a viow the regression feluts.? b view discussion resitts.) nits. edures and number of patienthours as independent variables. You outpasent surperies for relatively minor procedures. Doug estimated the regression equation for (a) medical upplies coets and number of procedures and (b) medical supply costs and number of pafient hours and had the Data table the regression resuits.) dispussion mesules ? and rumber of patient-heurs as independent varables. You Run a multiple regression to estimate the regression wquation for medical supples costa using both nunber of procedures and number of patientheurs as independent variables. You shoud obtain the following rescit: Riegression 3. Medical supples costs =a(b1N0. of procedures )+(b2No. of pationt-hours) Yariable 1. Evaluate the multiple regrestion cufput using the criteria of economic plausiblly, gocdhess of fi, signifcance of independent vatiables, and specificaton of estmation astumptions. 2. What potential issues could arite in multiple regression analysis frat ate not present in simple cegression models? In there evidence of iuch ditfouties in the multiple rogrestion in this problewit Euplan 3. Which regression modeis (Regression 1, 2, of 3) would you recommend Luura use? Explan Truman thospital specisizes in culpatient surgeries for relatively minor procedures. (Click the ioon to view intormation about modical supplies.) Doug estmated the regression equation for (a) modical supplies costs and number af procedures and (b) medical supply cests and number of patient-tours and had the (Cick the icon to view the past yeae data.) following resuta (Cick the ioon fo view the regression masuts.) (Cick the icon to view discussion retufts.] Read the tecuirements Begin ty running a multiple regression to nstimate the mogession equation for medical supples costs using boch number of proceduros and number of pationthours as independent variabibe. You should obtain the following result: Rogrssion 3. Medical suppies coots =a a (b1 No. of procedures )+(b2 No. of paberthours) Data table regression equation for (a) medical supplios costs and number of medical supply costs and number of patent.hours and had the Da a viow the regression feluts.? b view discussion resitts.) nits. edures and number of patienthours as independent variables. You outpasent surperies for relatively minor procedures. Doug estimated the regression equation for (a) medical upplies coets and number of procedures and (b) medical supply costs and number of pafient hours and had the Data table the regression resuits.) dispussion mesules ? and rumber of patient-heurs as independent varables. You Run a multiple regression to estimate the regression wquation for medical supples costa using both nunber of procedures and number of patientheurs as independent variables. You shoud obtain the following rescit: Riegression 3. Medical supples costs =a(b1N0. of procedures )+(b2No. of pationt-hours) Yariable 1. Evaluate the multiple regrestion cufput using the criteria of economic plausiblly, gocdhess of fi, signifcance of independent vatiables, and specificaton of estmation astumptions. 2. What potential issues could arite in multiple regression analysis frat ate not present in simple cegression models? In there evidence of iuch ditfouties in the multiple rogrestion in this problewit Euplan 3. Which regression modeis (Regression 1, 2, of 3) would you recommend Luura use? Explan Step by Step Solution
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