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

question 31

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 X3 should be dropped to remove collinearity?

---

Definitions:

Own Decisions

Personal or organizational choices made independently without external influence.

Decentralization

Decision making based at lower levels of the organization.

Operating Employees

Staff members who are directly involved in the day-to-day operations of a business, contributing to its core activities and services.

Corporate Culture

The shared values, attitudes, standards, and beliefs that characterize members of an organization and define its nature.