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

question 63

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 x₁ should be dropped to remove collinearity?

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Definitions:

Diabetes

A metabolic disease characterized by high blood sugar levels over a prolonged period, resulting from either the body's inability to produce insulin or its resistance to insulin.

Dry Mouth

A condition where the salivary glands in the mouth don't produce enough saliva, leading to a feeling of dryness.

Frequent Urination

The need to urinate more often than usual, which may indicate health conditions like diabetes or urinary tract infections.

Increased Thirst

An elevated desire to drink fluids, which can be a symptom of dehydration or other medical conditions.