Identify the steps in interpreting a regression model Answer
1) Identify the steps in interpreting a regression model. Interpret the following data:
Y = 5.0 + .30X1 where the dependent variable equals turnover intentions for line managers and the independent variable equals the number of employees supervised
Y = 250 – 4.0X1 where the dependent variable is the number of hits on a new banner ad and the independent variable is the number of weeks the ad has run
2) Go to page 550 in your textbook and offer a thorough interpretation of question 11. Interpret the output, examining group differences for purchase intentions. The three groups refer to consumers from three states: Illinois, Louisiana, and Texas.
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