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QUESTION
PART II REGRESSION ANALYSIS Answer questions (a) through (e) using the following information and output for multiple regression.
- Why is the coefficient for “cars produced this year” a positive number?
- Which is the most statistically significant variable? What evidence shows this?
- Which is the least statistically significant variable? What evidence shows this?
- For a 0.05 level of significance, should any variable be dropped from this model? Why or why not?
- What is the R Squared Value? What is the interpretation?
