You are considering four independent variables for inclusion in a regression model. You select a sample of
Question:
You are considering four independent variables for inclusion in a regression model. You select a sample of n = 30, with the following results:
1. The model that includes independent variables A and B has a Cp value equal to 4.6.
2. The model that includes independent variables A and C has a Cp value equal to 2.4.
3. The model that includes independent variables A, B, and C has a Cp value equal to 2.7.
a. Which models meet the standard for further consideration? Explain.
b. How would you evaluate the model that contains independent variables A, B, and C to the model that contains independent variables A and B? Explain.
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a For the model that includes independent variables A and B the value of C p e...View the full answer
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Related Book For 
Basic Business Statistics Concepts And Applications
ISBN: 9780132168380
12th Edition
Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel
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