By using stepwise regression approach to build model. The following is the results when running Y-X1+X2+X3, Y-X1+X2+X3. Which of the following statement is incorrect? b3 t-statistic p-value X1+X2+X3 X1+X2+X4 0.130 0.052 -2.225 0.93 0.036 0.363 O Select X3 as the third independent variable in the model since it has the larger absolute value of t-statistic. O Select X3 as the third independent variable in the model since it has the smaller p-value. Select X4 as the third independent variable in the model since it has the larger t-statistic value. O X4 is not significant in the model Y-X1+X2+X4

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Question 14
By using stepwise regression approach to build model. The following is the results
when running Y-X1+X2+X3, Y-X1+X2+X3. Which of the following statement is
incorrect?
b3
t-statistic
p-value
X1+X2+X3 X1+X2+X4
0.130
0.052
-2.225
0.93
0.036
0.363
Select X3 as the third independent variable in the model since it has the larger absolute value
of t-statistic.
Select X3 as the third independent variable in the model since it has the smaller p-value.
Select X4 as the third independent variable in the model since it has the larger t-statistic
value.
X4 is not significant in the model Y-X1+X2+X4
Transcribed Image Text:Question 14 By using stepwise regression approach to build model. The following is the results when running Y-X1+X2+X3, Y-X1+X2+X3. Which of the following statement is incorrect? b3 t-statistic p-value X1+X2+X3 X1+X2+X4 0.130 0.052 -2.225 0.93 0.036 0.363 Select X3 as the third independent variable in the model since it has the larger absolute value of t-statistic. Select X3 as the third independent variable in the model since it has the smaller p-value. Select X4 as the third independent variable in the model since it has the larger t-statistic value. X4 is not significant in the model Y-X1+X2+X4
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