Regression Model
a Multiple Regression Model Was Developed to Predict

question 12

Essay

Regression Model
A multiple regression model was developed to predict the grade point average (GPA)for MBA students based on two entrance exam scores,verbal (VGMAT)and math (MGMAT).The following table shows the actual GPA and predicted GPA for 7 students.
$$\begin{array} { | c | c | c | } \hline \text { Student } & \text { Actural CPA } & \text { Predicted CPA } \\\hline 1 & 3.5 & 3.71 \\\hline 2 & 3.1 & 3.19 \\\hline 3 & 3.2 & 3.10 \\\hline 4 & 4.0 & 3.74 \\\hline 5 & 3.6 & 3.52 \\\hline 6 & 3.2 & 3.27 \\\hline 7 & 3.7 & 3.78 \\\hline\end{array}$$
-Calculate the coefficient of multiple determination.

Identify common challenges faced by entrepreneurs and strategies to overcome them.

Appreciate the contribution of small businesses to job creation and economic growth.

Differentiate between entrepreneurs and general administrators in terms of their roles, risk behavior, and motivations.

Grasp the process of entrepreneurship and its disregard for resources at hand.

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Definitions:

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

Cognitive Perspective

A psychological approach that emphasizes mental processes in perception, memory, language, problem solving, and other areas of human cognitive function.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Science

A systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.