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

question 24

True/False

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,there is reason to suspect collinearity between some pairs of predictors based on the values of the variance inflationary factor.

Understand the concept of HR demand forecasting and various techniques used for forecasting.

Identify the steps involved in the simulation process for forecasting HR demand.

Explain the steps and application of the Delphi technique in HR demand forecasting.

Analyze external factors affecting labor demand in Canada and propose solutions.

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