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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Heights

Varied elevations or tall areas which can induce a fear known as acrophobia in individuals.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Obsession

A persistent, unwanted thought, idea, or image that an individual cannot control, causing significant anxiety or distress.

Climbing

The physical activity of ascending inclined structures or natural terrain using one's hands, feet, or other body parts for support and movement.