A Broadway investor is interested in predicting the gross sales in millions. He started with Attendance, New Productions and Mean Ticket. Run the Backwards Elimination method using AIC criterion and determine what variable should be removed first. Season Gross($M) Attendance 2001 2002 2003 643 721 771 10.95 11.42 11.61 New Mean Productions Ticket 36 58.72 36 63.13 38 66.41

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A Broadway investor is interested in predicting the gross sales in millions. He started with
Attendance, New Productions and Mean Ticket.
Run the Backwards Elimination method using AIC criterion and determine what variable should be
removed first.
Season Gross($M) Attendance
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
643
721
771
769
862
939
938
943
1020
1081
O Attendance
New Productions
Mean Ticket
10.95
11.42
11.61
11.53
12
12.31
12.27
12.15
11.89
12.53
Mean
Productions Ticket
36 58.72
36 63.13
38 66.41
39 66.69
39 71.83
35 76.27
36 76.45
New
43 77.61
39 85.78
42 86.27
Transcribed Image Text:A Broadway investor is interested in predicting the gross sales in millions. He started with Attendance, New Productions and Mean Ticket. Run the Backwards Elimination method using AIC criterion and determine what variable should be removed first. Season Gross($M) Attendance 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 643 721 771 769 862 939 938 943 1020 1081 O Attendance New Productions Mean Ticket 10.95 11.42 11.61 11.53 12 12.31 12.27 12.15 11.89 12.53 Mean Productions Ticket 36 58.72 36 63.13 38 66.41 39 66.69 39 71.83 35 76.27 36 76.45 New 43 77.61 39 85.78 42 86.27
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