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Multiple Regression From Workplace

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One of the major uses of multiple regression models is in forecasting a Y value given certain values of the independent X variables. Can you give an example of this type of multiple regression from your workplace? Explain your answer.

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Solution Summary

The solution discusses multiple regressions and gives an example from the workplace.

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Personnel professionals in my workplace use multiple regression procedures to determine equitable compensation. One can determine a number of factors or dimensions such as "amount of responsibility" (Resp) or "number of people to supervise" (No_Super) ...

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