TABLE 17-10 Given Below Are Results from the Regression Analysis Where the Where

question 5

Short Answer

TABLE 17-10
Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy)and the independent variables are the age of the worker (Age),the number of years of education received (Edu),the number of years at the previous job (Job Yr),a dummy variable for marital status (Married: 1 = married,0 = otherwise),a dummy variable for head of household (Head: 1 = yes,0 = no)and a dummy variable for management position (Manager: 1 = yes,0 = no).We shall call this Model 1.The coefficient of partial determination ( )of each of the 6 predictors are,respectively,0.2807,0.0386,0.0317,0.0141,0.0958,and 0.1201. Model 2 is the regression analysis where the dependent variable is Unemploy and the independent variables are Age and Manager.The results of the regression analysis are given below:
-Referring to Table 17-10,Model 1,________ of the variation in the number of weeks a worker is unemployed due to a layoff can be explained by the age of the worker while controlling for the other independent variables.

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Definitions:

Stop-Loss

An order placed with a broker to buy or sell once the stock reaches a certain price, designed to limit an investor's loss on a security position.

Shelf Registration

Advance registration of securities with the SEC for sale up to 2 years following initial registration.

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Stop-Buy Order

An order to purchase a security once its price surpasses a particular point, typically to limit a loss or protect a profit on a short sale.