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Regression Analysis on Employees

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Question 2) If you are given that the dependent variable (y) is Annual Sales, and x1 is the number of jobs held by each member of the sales staff within the past 5 year period, x2 is the years of experience of each staff member and x3 is the number of glasses of wine each staff member drinks at lunch. Interpret the coefficients and the standard deviations for the following table for predictors x1, x2 and x3. Suppose the printout displayed r^2 = 0.31. What does that tell you? What can you say about a sales staff with regard to sales in general from these results?

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Here, y = Annual Sales,
x1 = the number of jobs held by each member of the sales staff within the past 5 year period,
x2 = the years of experience of each staff member, and
x3 = the number of glasses of wine each staff member drinks at lunch.

A constant value of 20 indicates that the firm will make an annual sale of 20 even when there are staff who have held no ...

Solution Summary

It provides interpretations of the regression results from the sales data.

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