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SCENARIO 15-5
What are the factors that determine the acceleration time (in sec. )from 0 to 60 miles per hour of a car? Data on the following variables for 171 different vehicle models were collected:
Accel Time: Acceleration time in sec.
Cargo Vol: Cargo volume in cu.ft.
HP: Horsepower
MPG: Miles per gallon
SUV: 1 if the vehicle model is an SUV with Coupe as the base when SUV and Sedan are both 0
Sedan: 1 if the vehicle model is a sedan with Coupe as the base when SUV and Sedan are both 0
The coefficient of multiple determination ( R 2j)for the regression model using each of the 5 variables X j as the dependent variable and all other X variables as independent variables are,respectively,
0.7461,0.5676,0.6764,0.8582,0.6632.
-Referring to Scenario 15-5,what is the value of the variance inflationary factor of Sedan?
Misinformation
False or inaccurate information that is spread, regardless of intention to deceive.
Repeated
An action or event that occurs more than once or has been done or said again.
Believable
Capable of being accepted as true or realistic; convincing or credible.
Hindsight Bias
The inclination to see events that have already occurred as being more predictable than they were before they took place.
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