Question
This car wash in town has noticed a high turnover rate and is wanting to know how long they can retain their employees. It's our
This car wash in town has noticed a high turnover rate and is wanting to know how long they can retain their employees. It's our job as consultants to create a model to explain how some factors might contribute to the turnover rate. We need to run a multiple regression model with respect to cross-sectional analysis based on this information.
Independent Variables: Gender, Hourly_pay, Promotions, Average_hours_biweekly, Job_Function, School, Summer_sales
Dependent Variable: Length_employed_with_company
This professional model should show and explain if there is a positive correlation between any of the independent variables and the dependent variable (how long they've been employed with this company.) Below I will attach the excel file with all 31 employees currently employed. I also created dummy variables for the independent variables with different data so that the regression would run. please show us how to solve in excel, create scatterplots for each variables, and provide explanations for the different correlations if any.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started