HOMEWORK WEEK 2
Part I
1. ahe = 3.32 0.45x Age, R2=0.02,
As age increase by a year, the average hourly earning decrease by $0.45 or increase by $0.45
when age is 0 average hourly earning is $3.32 (it is not reasonable)
2% of variation in y is explained by

MBA 530
After the midterm
So far we talked only about simple linear
regression. What if the regression we have is not
linear?
Not linear regression is when the relationship
between x and y are not linear
Most popular forms of regression
Notice: if we wan

Collective Bargaining at Magic Carpet Airlines: A Union Perspective
Questions
Part I
1. What did the union do to prepare for negotiations? What additional sources of
information might it have used?
First of all, the union searched to get enough informatio

1. Use data set titled homes. It has N=219 (number of observations) on number of houses bought at a certain interest rate.
The variable y in this case will be a number of houses bought and x=interest rate (irate). Obtain summary output, like the one
in ex

Collective Bargaining at Magic Carpet Airlines: A Union Perspective
Questions
Part I
1. What did the union do to prepare for negotiations? What additional sources of
information might it have used?
First of all, the union searched to get enough informatio

Take home final exam. Part 1.
1. Open data set titled fair4. It contains many variables, but we are interested in only a few.
Mainly, VOTE is percentage share of the popular vote won by the incumbent party, GROWTH is
growth rate in real GDP per capita in