Determine the value of R-squared. Provide an interpretation of the variance R-squared represents.Develop a correlation matrix. Which independent variables have strong or weak correlations with the dependent variable?
Response to classmate post. on topic below. Refer to the Wage data which reports information on annual wages for a sample of 100 workers. This data set includes variables relating to industry, years of education, and the gender for each worker. Determine the regression equation using annual wage as the dependent variable and year of […]