August 2011
Beginner to intermediate
202 pages
5h 45m
English
Content preview from Business Applications of Multiple Regression
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150 BUSINESS APPLICATIONS OF MULTIPLE REGRESSION
1. Democrat/Republican (– 0.9791). This is not surprising because
almost all the candidates are either Democrats or Republications,
you would expect a near perfect correlation, and we get it. The
negative correlation only means that as the Democrat dummy
variable goes up from zero to one, the Republican dummy vari-
able moves in the opposite direction, from one to zero. The fact
that the value is not exactly 1.00 simply indicates the presence of
a few candidates who are neither Democrats nor Republicans.
2. Opponent Spending/Office (0.4835). This does not pass our 0.60
threshold, ...
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