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Instruction 16-6
Given Below Are Results from the Regression Analysis

question 70

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Instruction 16-6
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 (X1), the number of years of education received (X2), the number of years at the previous job (X3), a dummy variable for marital status (X4: 1 = married, 0 = otherwise), a dummy variable for head of household (X5: 1 = yes, 0 = no) and a dummy variable for management position (X6: 1 = yes, 0 = no).
The coefficient of multiple determination (R2j) the regression model using each of the 6 variables Xj 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:
 Model  R Square  Adj. R Square  Std. Error X1X5X60.45680.411618.3534X1X2X5X60.46970.409118.3919X1X3X5X60.46910.408418.4023X1X2X3X5X60.48770.412318.3416X1X2X3X4X5X60.49490.403018.4861\begin{array} { | l | l | l | l | } \hline \text { Model } & \text { R Square } & \text { Adj. R Square } & \text { Std. Error } \\\hline X _ { 1 } X _ { 5 } X _ { 6 } & 0.4568 & 0.4116 & 18.3534 \\\hline X _ { 1 } X _ { 2 } X _ { 5 } X _ { 6 } & 0.4697 & 0.4091 & 18.3919 \\\hline X _ { 1 } X _ { 3 } X _ { 5 } X _ { 6 } & 0.4691 & 0.4084 & 18.4023 \\\hline X _ { 1 } X _ { 2 } X _ { 3 } X _ { 5 } X _ { 6 } & 0.4877 & 0.4123 & 18.3416 \\\hline X _ { 1 } X _ { 2 } X _ { 3 } X _ { 4 } X _ { 5 } X _ { 6 } & 0.4949 & 0.4030 & 18.4861 \\\hline\end{array}
-Referring to Instruction 16-6,the model that includes X1,X3,X5 and X6 should be among the appropriate models using the Mallow's Cp statistic.


Definitions:

Employee Input

Contributions or feedback provided by employees to impact decisions, strategies, or processes within an organization.

Information Dissemination

The process of spreading information or knowledge to a wide audience.

Retirement Program

is a structured plan offered by employers or government entities designed to provide financial security to individuals upon their retirement from active work.

Psychological Needs

Essential emotional or mental requirements for an individual's well-being and proper development.

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