Identify the Four Predictive Variables Chosen by the Profitability Regression

question 23

Essay

Identify the four predictive variables chosen by the profitability regression model used by La Quinta Inns. Identify some that were tested but not included in the final model.

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Definitions:

Positive Association

A relationship between two variables in which they increase or decrease together.

Little or No Association

A statistical term indicating a weak or nonexistent relationship between two variables.

Explanatory

pertaining to or serving to explain, often used to describe variables that aim to explain observed phenomena.

Response

The outcome or measurement of interest in a study or experiment that is influenced by the independent variable.