(Solved) Ford would like to develop a regression model that would predict the number of cars sold per month ...

Ford would like to develop a regression model that would predict the number of cars sold per month by a dealership employee based on the employee's number of years of sales experience (X1), the employee's weekly base salary before commissions (X2) and the education level of the employee. There are three levels of education in the sales force-high school degree, associate's degree, and bachelor's degree. The following dummy variables have been defined.

The following table shows the results of a best subsets regression procedure.

The set of independent variables that would be the most appropriate to predict the monthly sales volume of an employee is ___________.

▸ number of years of sales experience and the employee's weekly base salary before commissions

▸ the employee's weekly base salary before commissions, X3 and X4

▸ number of years of sales experience, the employee's weekly base salary before commissions, and X3

▸ number of years of sales experience, the employee's weekly base salary before commissions, X3 and X4

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Ford would like to develop a regression model that would predict the number of cars sold per month ...

Business Statistics

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