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

question 18

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 Married?

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Definitions:

Dissent

The expression or holding of opinions that differ from those previously, commonly, or officially held.

Polarising

Refers to creating division or causing a group or something to split into two sharply contrasting groups or sets of opinions or beliefs.

Eligibility Requirements

Criteria that determine whether an individual or entity is allowed or qualified to participate in a particular event, activity, or system.

Power Structure

The organization of power and authority within a society, group, or organization, determining how decisions are made and who makes them.