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Instruction 13.25
Given below are results from the regression analysis where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Unemploy) and the independent variables are the age of the worker (Age), the number of years of education received (Edu), the number of years at the previous job (Job Yr), a dummy variable for marital status (Married: 1 = married, 0 = otherwise), a dummy variable for head of household (Head: 1 = yes, 0 = no) and a dummy variable for management position (Manager: 1 = yes, 0 = no). We shall call this Model 1.
Model 1
Regression Statistics
ANOVA
Model 2 is the regression analysis where the dependent variable is Unemploy and the independent variables are Age and Manager. The results of the regression analysis are given below:
Mode 2
Regression Statistics
ANOVA
-Referring to Instruction 13.25 Model 1,the alternative hypothesis : At least one of ?j ? 0 for j = 1,2,3,4,5,6 implies that the number of weeks a worker is unemployed due to a layoff is related to all of the explanatory variables.
Materialize
To become real or actual; in finance, it refers to the realization of expected results, risks, or events in tangible form.
Long-term Notes Payable
Liabilities or debts with a repayment period extending beyond one year, evidenced by a formal promissory note.
Floating Interest Rates
Interest rates that fluctuate over time based on the market or an index.
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