Gen bus 307 - Study guides, Class notes & Summaries

Gen Bus 307 exam 2 Questions And Answers quadratic regression model - ANS-Yi=B0 + B1X1 + B2X1^2 Fstat - ANS-MSR/MSE if greater than critical value, reject null MSR - ANS-SSR/d.f. MSE - ANS-SSE/d.f. Testing Quadratic Effect - ANS-Ho: B2 = 0 (no improvement) H1: B2 not equal to 0 (improvement) adjusted R^2 formula - ANS-1 - ( (1-r^2) * (n-1)/(n-k-1) ) square root transformation - ANS-used to overcome violations of equal variance assumption as well as to transform a model whose form is n...

Gen Bus 307 final UPDATED ACTUAL Questions and CORRECT Answers For which of the following cases could you use logistic regression? - To predict the probability that a customer accepts a promotional offer, based on their age and income. - To estimate the weight of elephants based on their height. - To estimate the number of cars rented each day at an airport based on whether the demand occurs on a holiday versus a non-holiday. - CORRECT ANSWER- To predict the probability that a custom...