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

question 27

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,the variable X₂ should be dropped to remove collinearity?

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Definitions:

Archetypes

Universally recognized symbols or patterns of behavior that are often repeated in literature and storytelling across cultures.

Inherited Predispositions

Traits, characteristics, or susceptibilities genetically passed from parents to offspring that may influence behavior, health, and development.

Jung's Psychoanalytic Theory

A psychological framework that emphasizes the collective unconscious, archetypes, and the process of individuation.

Collective Unconscious

A term coined by Carl Jung to describe structures of the unconscious mind shared among beings of the same species.