A study provided data on variables that may be related to the number of weeks a manufacturing worker has been jobless. The dependent variable in the study (Weeks) was definedas the number of weeks a worker has been jobless due to a layoff. The following independent variables were used in the study.Age The age of the workerEduc The number of years of educationMarried A dummy variable; 1 if married, 0 otherwiseHead A dummy variable; 1 if the head of household, 0 otherwiseTenure The number of years on the previous jobManager A dummy variable; 1 if management occupation, 0 otherwiseSales A dummy variable; 1 if sales occupation, 0 otherwiseThe data are available in the file named Layoffs.a. Develop the best one-variable estimated regression equation.
A study provided data on variables that may be related to the number of weeks a manufacturing worker has been jobless. The dependent variable in the study (Weeks) was defined
as the number of weeks a worker has been jobless due to a layoff. The following independent variables were used in the study.
Age The age of the worker
Educ The number of years of education
Married A dummy variable; 1 if married, 0 otherwise
Head A dummy variable; 1 if the head of household, 0 otherwise
Tenure The number of years on the previous job
Manager A dummy variable; 1 if management occupation, 0 otherwise
Sales A dummy variable; 1 if sales occupation, 0 otherwise
The data are available in the file named Layoffs.
a. Develop the best one-variable estimated regression equation.
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