Your manager has asked you to explain regression model building, in particular the backwards model selection. He writes, "get that you start out with the "kilchen sink bunch of variables, and one by one you remove them. you just remove the largest coefficient one, or maybe remove them alphabetically? And how do you know when to stop? So What is your response? Write 1-2 paragraphs and either confirm or re-direct your manager's thoughts here

Your manager has asked you to explain regression model building, in particular the backwards model selection. He writes, "get that you start out with the "kilchen sink bunch of variables, and one by one you remove them. you just remove the largest coefficient one, or maybe remove them alphabetically? And how do you know when to stop? So What is your response? Write 1-2 paragraphs and either confirm or re-direct your manager's thoughts here

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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