TABLE 13-17 Given Below Are Results from the Regression Analysis Where the Where

question 193

Short Answer

TABLE 13-17
Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age), the number of years of education received (Edu), the number of years at the previous job (Job Yr), a dummy variable for marital status (Married: 1 = married, 0 = otherwise), a dummy variable for head of household (Head: 1 = yes, 0 = no) and a dummy variable for management position (Manager: 1 = yes, 0 = no). We shall call this Model 1.


Model 2 is the regression analysis where the dependent variable is Unemploy and the independent variables are Age and Manager. The results of the regression analysis are given below:


-Referring to Table 13-17 Model 1, which of the six independent variables (Age, Edu, Job Yr, Married, Head and Manager)is (are)insignificant in affecting the dependent variable using a 5% level of significance after taking into account the effect of the remaining independent variables?

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Definitions:

Means-End Analysis

A problem-solving technique that involves breaking down the problem into smaller problems and achieving goals that direct an individual closer to the ultimate goal.

Noncompensatory Modeling

A decision-making approach where a shortfall in one attribute cannot be offset by a higher value in another attribute.

Artificial Intelligence

The programming of computer systems to simulate human thinking in solving problems and in making judgments and decisions.

Artificial Neural Networking

A computational model inspired by the structure and functions of biological neural networks, used in machine learning to simulate human brain operations.