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TABLE 15-9
Many factors determine the attendance at Major League Baseball games. These factors can include when the game is played, the weather, the opponent, whether or not the team is having a good season, and whether or not a marketing promotion is held. Data from 80 games of the Kansas City Royals for the following variables are collected.
ATTENDANCE = Paid attendance for the game
TEMP = High temperature for the day
WIN% = Team's winning percentage at the time of the game
OPWIN% = Opponent team's winning percentage at the time of the game WEEKEND - 1 if game played on Friday, Saturday or Sunday; 0 otherwise PROMOTION - 1 = if a promotion was held; 0 = if no promotion was held
The regression results using attendance as the dependent variable and the remaining five variables as the independent variables are presented below.
The coefficient of multiple determination ( R 2 j ) of each of the 5 predictors with all the other remaining predictors are,
respectively, 0.2675, 0.3101, 0.1038, 0.7325, and 0.7308
-Referring to Table 15-9, there is reason to suspect collinearity between some pairs of predictors.
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An asset account that records the amount due to be received by a lessor from a lessee under the terms of a lease agreement.
Sales-type Lease
A type of lease where the lessor recognizes immediate profit on the lease, similar to a sale, often used in equipment and vehicle financing.
Long-term Asset
A long-term asset is a resource owned by a company, providing economic benefits for a period extending beyond one year, including property, plant, and equipment.
Balance Sheet
A document that presents a snapshot of a corporation's financial health, by detailing assets, liabilities, and shareholders' equity on a specific date.
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