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What Is Multiple Variables?

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The real value in testing for a relationship between scale variables is not in knowing the strength of the correlation, but rather in being able to forecast (Mirabella, 2011). In a multiple regression model, we can choose to evaluate several variables at the same time; however, there is still only one dependent scale variable. When calculating multiple variables, we keep just the variables which are 0.05 significance level. However, we only eliminate one at a time. Ironically, removing two variables at a time may result in removing a significant variable by mistake. In the context of testing hypothesis on any arbitrary subset of regression parameters, one may use the non-sample prior information on the explanatory variables to …show more content…

The prediction interval is to forecast the MBA GPA of a 40-year-old student who studies six hours per week, works full time, and has a BS GPA of 3.0. With changing the variables from the initial regression model with a 95% confidence level which forecast the MBA GPA of 2.96 makes the forecast irrelevant. Presumably, after removing the gender variable from the calculations, I moved the other two columns of data over to columns three and four respectively. Therefore the p-value for the BS GPA remained 0.0000 which is less than the significance level of 0.05 determining this variable to remain as significant. The next variable was hours the student studies per week, and the p-value changed to 0.0018, which resulted in this variable is a significant variable as well. As a result, the multiple regression model is MBA GPA = 0.38381 + 0.77785 (BS GPA) + 0.0444 (Hours Studying) + 0.012 (Works Full-time) + -0.0004 (Age). The BS GPA is the student’s undergraduate grade point average, hours studying is the average hours the student spent studying each week, works full time is if the student worked full time or not, and the age is the age of the MBA student. Therefore, we can conclude with 95% confidence level that a 40-year-old graduate student who had an undergraduate grade point average of 3.0, spends six hours studying each week, and works full time will have an MBA GPA of 2.978. Given individual differences

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