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which Independent Variables should be removed that are least likely to be contributing to any significant change in the Dependent Variable. You will need to
which Independent Variables should be removed that are least likely to be contributing to any significant change in the Dependent Variable. You will need to conduct t-tests with alpha set at 0.05 to determine the significance of the various IVs you exclude and include in your model.
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 93.68 4.47 20.96 0.00 84.88 102.48 84.88 102.48 Digital -15.14 1.24 -12.24 0.00 -17.58 -12.70 -17.58 -12.70 Event -14.81 1.31 -11.35 0.00 -17.39 -12.24 -17.39 -12.24 RACV Store -7.77 1.58 -4.91 0.00 -10.88 -4.65 -10.88 -4.65 Andrew 0.16 1.17 0.14 0.89 -2.13 2.46 -2.13 2.46 Claris -0.57 1.11 -0.52 0.61 -2.76 1.61 -2.76 1.61 Hybrid 0.85 1.03 0.82 0.41 -1.18 2.87 -1.18 2.87 small -7.02 1.47 -4.77 0.00 -9.92 -4.12 -9.92 -4.12 PV System Cost ($) 0.00 0.00 -9.39 0.00 0.00 0.00 0.00 0.00 Current Consumption 0.00 0.00 -1.00 0.32 0.00 0.00 0.00 0.00 Expected Production ( 0.00 0.00 1.50 0.14 0.00 0.00 0.00 0.00 Climate Change Impa 0.03 0.04 0.85 0.40 -0.04 0.11 -0.04 0.11SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error 0.794590686 0631374359 0614337039 6855306108 Observations 250 ANOVA 0'1\" 55 M5 F Significance F Regression 11 19157.2012 1741.563746 37.05831525 1.58556E-45 Residual 238 11184.8628 46.99522183 Total 249 30342.064Step by Step Solution
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