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TABLE 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) for the regression model using each of the 6 variables Xⱼ 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 Table 15-6, there is reason to suspect collinearity between some pairs of predictors based on the values of the variance inflationary factor.
Radius
The distance from the center of a circle to any point on its circumference, or a straight line extending from the center to the circumference.
Distance
The measurement of space between two points, which can be quantified in units like meters, miles, or light-years, depending on the context.
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A measurement of the density of a substance compared to water. Specific gravity tests are performed on battery acid and coolant.
Model Year
The year assigned to a vehicle by its manufacturer indicating the marketing period it was made for, which may not necessarily coincide with the year it was manufactured.
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