SCENARIO 15-6
Given below are results from the regression analysis on 40 observations where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Y)and the independent variables are the age of the worker (X 1 ),the number of years of education received (X 2 ),the number of years at the previous job (X 3 ),a dummy variable for marital status (X 4 : 1 = married,0 = otherwise),a dummy variable for head of household (X 5 : 1 = yes,0 = no)and a dummy variable for management position (X 6 : 1 = yes,0 = no).
The coefficient of multiple determination ( R 2 j )for the regression model using each of the 6 variables X j as the dependent variable and all other X variables as independent variables are,respectively,
0.2628,0.1240,0.2404,0.3510,0.3342 and 0.0993.
The partial results from best-subset regression are given below:

-Referring to Scenario 15-6,what is the value of the variance inflationary factor of Age?

Question

SCENARIO 15-6
Given below are results from the regression analysis on 40 observations where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Y)and the independent variables are the age of the worker (X 1 ),the number of years of education received (X 2 ),the number of years at the previous job (X 3 ),a dummy variable for marital status (X 4 : 1 = married,0 = otherwise),a dummy variable for head of household (X 5 : 1 = yes,0 = no)and a dummy variable for management position (X 6 : 1 = yes,0 = no).
The coefficient of multiple determination ( R 2 j )for the regression model using each of the 6 variables X j as the dependent variable and all other X variables as independent variables are,respectively,
0.2628,0.1240,0.2404,0.3510,0.3342 and 0.0993.
The partial results from best-subset regression are given below:
 
-Referring to Scenario 15-6,what is the value of the variance inflationary factor of Age?

Quizplus · Accepted Answer

The Answer of SCENARIO 15-6
Given below are results from the regression analysis on 40 observations where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Y)and the independent variables are the age of the worker (X 1 ),the number of years of education received (X 2 ),the number of years at the previous job (X 3 ),a dummy variable for marital status (X 4 : 1 = married,0 = otherwise),a dummy variable for head of household (X 5 : 1 = yes,0 = no)and a dummy variable for management position (X 6 : 1 = yes,0 = no).
The coefficient of multiple determination ( R 2 j )for the regression model using each of the 6 variables X j as the dependent variable and all other X variables as independent variables are,respectively,
0.2628,0.1240,0.2404,0.3510,0.3342 and 0.0993.
The partial results from best-subset regression are given below:
 
-Referring to Scenario 15-6,what is the value of the variance inflationary factor of Age?

SCENARIO 15-6 Given Below Are Results from the Regression Analysis on 40