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?

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Definitions:

Bacterial Infection

A harmful proliferation of bacteria in or on the body that can lead to disease or illness.

Overactive Immune System

A condition where the immune system is more active than normal, which can lead to allergies, autoimmunity, and other immune-related disorders.

Allergies

Immunological responses to substances (allergens) that are typically harmless, resulting in symptoms like sneezing, itching, and rash.

Herpes Infection

A viral infection caused by the herpes simplex virus (HSV), which can produce sores and blisters in the genital area or on the mouth.