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

question 41

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 X₃ should be dropped to remove collinearity?

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Definitions:

Superego

In psychoanalytic theory, the part of a person's mind that acts as a self-critical conscience, reflecting social standards learned from parents and others.

Ideals

Concepts or standards of perfection or excellence that are typically regarded as something to be aimed for.

Motivates

The psychological features that provoke individuals to act towards a desired goal or instigate certain behavior.

Oedipus And Electra Complexes

Psychological concepts introduced by Freud, the Oedipus complex involves a child's unconscious desire for the opposite-sex parent, whereas the Electra complex is the female counterpart.