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TABLE 15-4
The superintendent of a school district wanted to predict the percentage of students passing a sixth-grade proficiency test.She obtained the data on percentage of students passing the proficiency test (% Passing) ,daily mean of the percentage of students attending class (% Attendance) ,mean teacher salary in dollars (Salaries) ,and instructional spending per pupil in dollars (Spending) of 47 schools in the state.
Let Y = % Passing as the dependent variable,X1 = % Attendance,X2 = Salaries and X3 = Spending.
The coefficient of multiple determination ( ) of each of the 3 predictors with all the other remaining predictors are,respectively,0.0338,0.4669,and 0.4743.
The output from the best-subset regressions is given below: Following is the residual plot for % Attendance:
Following is the output of several multiple regression models:
Model (I) : Model (II) :
Model (III) :
-Referring to Table 15-4,the "best" model using a 5% level of significance among those chosen by the Cp statistic is
Fiscal Policies
Government policies related to taxation and spending with the aim of influencing economic conditions.
Fiscal Policy Stimulus
Government measures, typically involving increased public spending and tax cuts, aimed at boosting economic activity.
Interest Rates
The cost of borrowing money or the reward for saving, usually expressed as a percentage of the amount borrowed or saved.
Inflationary Recessions
Occurs when the economy faces stagnation or contraction alongside rising inflation rates.
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