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Superior Wear operates a chain of 10 retail department stores. Each department store makes its own purchasing decisions. i (Click the icon to view
Superior Wear operates a chain of 10 retail department stores. Each department store makes its own purchasing decisions. i (Click the icon to view additional information.) Jim Carlton decides that the simple regression analysis used could be extended to a multiple regression analysis. He finds the following results for two multiple regression analyses: (Click the icon to view two multiple regression analyses.) Read the requirements. Requirement 1. Evaluate regression 4 using the criteria of economic plausibility, goodness of fit, significance of independent variables, and specification analysis. Compare regression 4 with regressions 2 and 3. Which one of these models would you recommend that Carlton use? Why? Let's begin by evaluating regression 4 using the criteria of economic plausibility, goodness of fit, significance of independent variables and specification analysis. Regression 4 Economic plausibility Goodness of fit Significance of independent variables Specification analysis
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