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A major car magazine has recently collected data on 30 leading cars in the U.S. market. It is interested in building a multiple regression model to explain the variation in highway miles. The following correlation matrix has been computed from the data collected: The analysts also produced the following multiple regression output using curb weight, cylinders, and horsepower as the three independent variables. Note, a number of the output fields are missing, but can be determined from the information provided.
Based on the information provided, using a 0.05 level of statistical significance, both curb weight and horsepower are statistically significant variables in explaining the variation in the dependent variable when they are included in the model along with cylinders.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, primarily driven by international trade and investment and aided by information technology.
Labour Market
The supply and demand for labor, where employers seek to hire workers and workers seek employment.
Environmental Scanning
The process of gathering, analyzing, and interpreting information about a company’s external environment to aid in decision-making.
HRM Adaptation
The process by which human resource management practices are tailored to fit the changing needs and objectives of an organization.
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