The Sequential Sums of Squares Represent the Conditional Contribution of Each

question 109

Short Answer

The sequential sums of squares represent the conditional contribution of each of the predictor variables given the variables already in the model. Use the following partial output generated using Minitab to determine which predictor variable accounts for the largest proportion of the total variation explained by the regression model. Which variable accounts for the largest proportion?
______________
What is the proportion accounted by the selected variable?
______________ Enter a decimal percent or use the % sign.

---

Definitions:

Consolidated Statements

Financial reports that aggregate the financial position and operations of a parent company and its subsidiaries as one single entity.

Operating Loss

A financial situation where a company's operating expenses exceed its gross profits.

Discontinued Operations

Components of a business—such as segments or subsidiaries—that have been disposed of or are held for sale, and are reported separately in financial statements for clearer assessment by investors.

Loss on Disposal

Loss on disposal occurs when the proceeds from the sale of an asset are less than its carrying amount on the books, resulting in a financial loss.