The Excel file Salary Data.xls provides information on current salary, beginning salary, previous experience (in months) when hired, and total years of education for a sample of 100 employees in a firm.
a. Develop a multiple regression model for predicting current salary as a function of the other variables.
b. Find the best model for predicting current salary.
This is a solution the helps to develop a multiple regression model to predict the current salary of a firm.