MGT 6203 Homework 4- Questions & Answers | All Answers Correct

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Question 1 Recency train 25%, 50%, 75% quantiles DollarTrain 25%, 50%, 75% quantiles Question 2 RecencyTrain_rc X1 X2 X3 X4 Total 1 NA 16.017 26.376 83.227 61.606 2 2.731 9... .850 15.274 29.305 14.065 3 5.139 4.887 5.696 27.723 7.360 4 4.044 3.119 10.253 3.900 5.013 Total 4.178 6.707 15.209 62.154 22.053 Question 3 Regress DollarVal onto RecencyTrain, FrequencyTrain, and DollarTrain. What is the R squared for this model? Ans: R-squared: 0.304, Adjusted R-squared: 0.303 Please interpret the coefficients on RecencyTrain, FrequencyTrain, and DollarTrain. RecencyTrain: One unit of change in RecencyTrain, causes a decrease of |-0.056| in the DollarVal, holding all FrequencyTrain: One unit of change in FrequencyTrain, causes an increase of |12.066| in the DollarVal, holding all other variables constant DollarTrain: One unit of change in DollarTrain, causes an increase of |0.008| in the DollarVal, holding all other variables constant coefficient std.error t.value p.value (Intercept) 6.880 4.337 1.586 0.113 [Show More]

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