Analysis of Regression Results Wang Manufacturing uses regression analysis to predict manufacturing overhead costs based on labor-hours and/or machine-hours and has developed the three following regression equations.
| Regression 1 | Regression 2 | Regression 3 |
SE | 33,844 | 45,383 | 31,044 |
R-squared | 0.55 | 0.35 | 0.58 |
t-values: |
|
|
|
Labor-hours | 2.3 |
| 1.9 |
Machine-hours |
| 1.1 | 0.8 |
Required Which regression would you choose and why?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.