SCENARIO 15-6 Given Below Are Results from the Regression Analysis

question 88

True/False

SCENARIO 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 ( ), the number of years of education received ( ), the number of years at the previous job ( ), a dummy variable for marital status ( 1 = married, 0 = otherwise), a dummy variable for head of household ( 1 = yes, 0 = no)and a dummy variable for management position ( 1 = yes, 0 = no). The coefficient of multiple determination ( )for the regression model using each of the 6 variables 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 Scenario 15-6, the variable should be dropped to remove collinearity?

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Definitions:

Environmental Determinants

Factors within one's surroundings that significantly impact an individual's development, behavior, and wellbeing.

Psychoanalytic Approach

A theory of psychology developed by Sigmund Freud that focuses on unconscious processes, childhood experiences, and sexual and aggressive instincts in influencing human behavior and personality.

Collectivist Culture

A societal structure where individuals prioritize the goals and needs of the group or community over personal desires.

Personal Achievement

The accomplishment of personal goals or objectives through individual effort or skill, often resulting in personal satisfaction.