Perform a step wise regression to reduce the number of independent variables and produce a final regression model

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Questions:

1.       Review the regression output in Table 2 and provide your critique of the results. What are your concerns about Venus’ model? (20 pts)

2.       Use the data in Table 1 to recreate the regression results in Table 2. (15 pts)

3.       Develop a correlation matrix for the data in Table 1. Comment on the values in your matrix and whether there are any concerns in using these variables in Venus’ multiple regression model. (20 pts)

4.       Based on your correlation results, what one (1) variable regression model would give you the best model from among the seven (7) parameters chosen by Venus? Build a 1-variable regression model with this variable, write out your equation, and comment on the results. (30 pts)

5.       Perform a step-wise regression to reduce the number of independent variables and produce a final regression model. Write out the forecast equation for your final model. (45 pts)

Now that you have a final model, present a pitch as to why your model is better than Venus’ model and whether Bayou City should use your model to invest in the Houston market. (20 pts)

Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme