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There are four independent variables, , and , that might be useful in predicting a response . A total of observations is available, and it is decided to employ stepwise regression to help in selecting the independent variables that appear to useful. The computer fits all possible one-variable models of the form . The information in the table is provided from the computer printout.
Which independent variable is declared the best one-variable predictor of ?
Low-Income
Typically refers to individuals or families whose earnings are below a specified threshold, which varies by country and sometimes within regions of the same country.
World Bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
Population Increase
An upward trend in the number of individuals residing in a specified area or country.
Real Per Capita
An economic measure that represents the inflation-adjusted income or wealth of an individual, considering the overall population, to determine living standards.
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