An analysis of the four independent variables given in Example 1 are shown in the simple correlation matrix. Specify which ones should be considered for inclusion in regression equations, with reasons. ****** T X₁ X₂ X₂ T 1.0 X₁ 0.75 1.00 X₂ 0.95 0.43 1.00 X, 0.44 0.25 0.29 1.00 X₂ 0.75 0.95 0.45 0.28 1.00

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An analysis of the four independent variables given in Example 1 are shown in the simple
correlation matrix. Specify which ones should be considered for inclusion in regression
equations, with reasons.
T
*****
X₁
X₂
X₂
X₂
T
1.0
X₁
0.75
1.00
X₂
0.95
0.43
1.00
X,
0.44
0.25
0.29
1.00
X₂
0.75
0.95
0.45
0.28
1.00
Transcribed Image Text:An analysis of the four independent variables given in Example 1 are shown in the simple correlation matrix. Specify which ones should be considered for inclusion in regression equations, with reasons. T ***** X₁ X₂ X₂ X₂ T 1.0 X₁ 0.75 1.00 X₂ 0.95 0.43 1.00 X, 0.44 0.25 0.29 1.00 X₂ 0.75 0.95 0.45 0.28 1.00
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