https://1drv.ms/x/s!Av-KKmo42J4EggRqEfmUbMJgjKt3The file Assignment 2 data.xlsx contains hypothetical starting salaries for MBA students directly after graduation. The file also lists their years of experience prior to the MBA program and their class rank in the MBA program (on a 0-100 scale- this not a categorical Variable)Estimate the regression equation with Salary as the dependent variable and Experience and Class Rank as the explanatory (independent) variables. What does this equation imply? What does the standard error of estimate tell you? What about ? Repeat part a, but now include the interaction term Experience*ClassRank in the equation as well as Experience and Class Rank individually. Answer the same questions as in part a. What evidence in there that this extra variable (the interaction variable) is worth including? Why might you expect the interaction to be present in real data of this type? Please submit the excel file of solution including results interpretation in “Assignment #2” folder.

The multiple regression equation is of the form: y=b0+b1x1+b2x2+b3x3+...+.. Here y is the dependent…

Answered: The file Assignment 2 data.xlsx…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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https://1drv.ms/x/s!Av-KKmo42J4EggRqEfmUbMJgjKt3

The file Assignment 2 data.xlsx contains hypothetical starting salaries for MBA students directly after graduation. The file also lists their years of experience prior to the MBA program and their class rank in the MBA program (on a 0-100 scale- this not a categorical Variable)

Estimate the regression equation with Salary as the dependent variable and Experience and Class Rank as the explanatory (independent) variables. What does this equation imply? What does the standard error of estimate tell you? What about ?

Repeat part a, but now include the interaction term Experience*ClassRank in the equation as well as Experience and Class Rank individually. Answer the same questions as in part a.

What evidence in there that this extra variable (the interaction variable) is worth including? Why might you expect the interaction to be present in real data of this type?

Please submit the excel file of solution including results interpretation in

“Assignment #2” folder.

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