The file FTMBA contains a sample of 2012 top-ranked full-time MBA programs. Variables included are mean starting

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The file FTMBA contains a sample of 2012 top-ranked full-time MBA programs. Variables included are mean starting salary upon graduation ($), percentage of students with job offers within three months of graduation, program cost ($), and total number of students per program. (Data extracted from buswk .co/25d1ZC.)

a. Using all the data as the training sample, develop a regression tree model to predict the mean starting salary upon graduation

b. What conclusions can you reach about the mean starting salary upon graduation?

c. Using half the data as the training sample and the other half of the data as the validation sample, develop a regression tree model to predict the mean starting salary upon graduation.

d. What differences exist in the results of (a) and (c)?

e. Repeat (c) using a neural net model.

f. Compare the results of (c) and (e).

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Basic Business Statistics

ISBN: 9780321870025

13th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat

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