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

question 38

Short Answer

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, what is the value of the variance inflationary factor of Job Yr?

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Definitions:

Wholesale Costs

The price charged for goods or materials when sold in large quantities to retailers or other businesses, as opposed to retail prices charged to consumers.

Overhead Expenses

Costs not directly tied to the production of goods or services but necessary for running a business, such as rent and utilities.

Fraction Form

A mathematical expression representing the division of one quantity by another.

Partnership Agreement

A legal document that outlines the terms and conditions among business partners regarding their business engagement.