SOLVED: In Regression Analysis, if the effect of an independent variable on dependent variable is small and we are not able to explain why the independent variable should affect the dependent variable in a particular way, we may be risking to our particular sample of data.
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SOLVED:Consider a regression study involving a dependent variable y, a quantitative independent variable x1, and a categorical independent variable with three possible levels (level 1, level 2, and level 3 ). a. How many dummy variables are required to represent the categorical variable? b. Write a multiple regression equation relating x1 and the categorical variable to y c. Interpret the parameters in your regression equation.
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SOLVED: When researchers conduct multiple regression analyses, theyoften measure each independent variable to determine if it bringsadditional explanatory value to the model over and above theexplanatory value of the other independent variables. Whatdata and/or tests could be used to determine whether or notan independent variable brings additional explanatory value tothe regression model? Why might an independent variable be stronglycorrelated with the dependent variable when measured by itself
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