Below is the output of several different models that Caterpillar has built to predic next quarter sales. Caterpillar predicting Next Quarter Sales Model A (3): Weather, recent quarter sales, housing starts Model B (3): Interest rates, worldwide GDP, housing starts Model C (3): Weather, worldwide GDP, housing starts R² R² adj 0.56 0.69 0.59 0.58 0.58 0.57

Human Anatomy & Physiology (11th Edition)
11th Edition
ISBN:9780134580999
Author:Elaine N. Marieb, Katja N. Hoehn
Publisher:Elaine N. Marieb, Katja N. Hoehn
Chapter1: The Human Body: An Orientation
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Below is the output of several different models that Caterpillar has built to predic
next quarter sales.
Model A (3): Weather, recent quarter sales, housing starts
Model B (3): Interest rates, worldwide GDP, housing starts
Model C (3): Weather, worldwide GDP, housing starts
Which model is the optimal combination of explanatory variables
a) A
b) B
(c) C
Caterpillar predicting Next Quarter Sales
d) D
R² R² adj
0.56 0.69
0.59
0.58
0.58 0.57
Transcribed Image Text:Below is the output of several different models that Caterpillar has built to predic next quarter sales. Model A (3): Weather, recent quarter sales, housing starts Model B (3): Interest rates, worldwide GDP, housing starts Model C (3): Weather, worldwide GDP, housing starts Which model is the optimal combination of explanatory variables a) A b) B (c) C Caterpillar predicting Next Quarter Sales d) D R² R² adj 0.56 0.69 0.59 0.58 0.58 0.57
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