what do you think would be your reservations in relaying on the linear regression model for...
what do you think would be your reservations in relaying on the linear regression model for budget planning purpose.
Homework Answers
The underlying requirements of the project or program may not have a linear relationship as far as the budget is concerned. For example, the budget requirement could be constant for the first two months, then exponential for the next two months and then linear for three months. So, linear regression model will not be helpful in such cases.
In cases, where we know that the budget requirement will increase linearly over time, we can use linear regression model.
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what do you think would be your reservations in
relaying on the linear regression model for...
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HELP ASAP Suppose you are wishing to fit a multiple linear regression model using one categorical...
HELP ASAP
Suppose you are wishing to fit a multiple linear regression model using one categorical variable that can take on 17 different values. For example, if you wished to use the months of the year in your model, the categorical variable "month" would have 12 different values: January, February, March, etc. In general, how many dummy variables would you need to incorporate into your model to completely capture the effect of all 17 conditions of a categorical variable on...
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Using your simple linear regression model, what is the value
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Question 3. Multiple linear regression [6 marks] Create a multiple linear regression model, including as explanatory variables wt, am and qsec. To run multiple linear regression to predict variable A based on variables B, C and D you need to use R’s linear model command, Im as follows, storing the results in an object I'll call regm. regm <- lm (A B + C + D) summary(regm) Report the output from the relevant summary() command. Explain why the R2 and...
HELP ASAP
Suppose you are wishing to fit a multiple linear regression model using one categorical variable that can take on 17 different values. For example, if you wished to use the months of the year in your model, the categorical variable "month" would have 12 different values: January, February, March, etc. In general, how many dummy variables would you need to incorporate into your model to completely capture the effect of all 17 conditions of a categorical variable on...
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Take a Test-Mohammad (2) Exploring bivariatenu x+ Nick James . YouTube × Co https://www.mathxl.com/Student/PlayerTest.aspx?tesA 11 □ Bunnings Canvas晏Fisher Library Study dates Other bookmarks 21 BUSS1020 Quantitative Business Analysis Nurullah | 5/30/19 4:13 AM Test: Assignment 2 This Question: 1 pt 6 af 20 This Test: 20 pts possible A national restaurant chain is composed of 6500 restaurants, sach of which is located in...
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