SCENARIO 15-6 Given Below Are Results from the Regression Analysis on 40

question 19

Short Answer

SCENARIO 15-6
Given below are results from the regression analysis on 40 observations where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Y)and the independent variables are the age of the worker (X₁),the number of years of education received (X₂),the number of years at the previous job (X₃),a dummy variable for marital status (X₄: 1 = married,0 = otherwise),a dummy variable for head of household (X₅: 1 = yes,0 = no)and a dummy variable for management position (X₆: 1 = yes,0 = no).
The coefficient of multiple determination ( R ²_j )for the regression model using each of the 6 variables X _j as the dependent variable and all other X variables as independent variables are,respectively,
0.2628,0.1240,0.2404,0.3510,0.3342 and 0.0993.
The partial results from best-subset regression are given below:

-Referring to Scenario 15-6,what is the value of the variance inflationary factor of Age?

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Definitions:

Hot Spots

Areas of the Earth's mantle that are exceptionally hot, which can lead to volcanic activity on the surface.

Shelled Arthropod

Arthropods that have an external skeleton or shell, such as crustaceans and certain insects, providing protection and support.

Fossil

Physical evidence of an organism that lived in the ancient past.

Cambrian Period

A geological era around 541 million years ago, marked by a rapid diversification of life forms and the appearance of most major groups of animals in the fossil record.