Given the multiple regression equation, ? = a + b1X1 + b2X2, and the bivariate equation ? = a + bX, why is the partial regression coefficient, b1, different from the regression coefficient, b, obtained by regressing Y on only X1?

What will be an ideal response?


This happens because X1 and X2 are usually correlated. In bivariate regression, X2 was not considered and any variation in Y that was shared by X1 and X2 was attributed to X1. However, in the case of multiple independent variables, this is no longer true.

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Spiros is a member of the production design team on a science fiction film called The Future Begins Yesterday. It is a big budget production and is already behind schedule due to weather delays. Spiros and two other team members, Juanita and Alex, are tasked with finding futuristic background props for a scene in which the hero and his nemesis have a huge fight. Spiros, while glad to have landed his first job in the film industry, earns more money from posting videos offering behind-the-scenes glimpses of the set online. To that end, he sneaks back to the team's trailer as often as he can to post new material. This means that the set decorations the team was supposed to source are not yet complete, and the scene cannot be filmed at the scheduled time. The set design supervisor, Marsha,

observes Juanita and Alex arguing with Spiros about holding up his end of the group effort. Marsha hears Spiros telling them that they are much better at finding props than he is, so they do not really need his help. Marsha sees a lot of potential in Spiros, but she is unhappy with the fact that he is not contributing as much as he should and is holding up the production as a result. Given what you know about process loss, how should Marsha address Spiros' behavior? A. make Spiros responsible for sourcing wall hangings and window treatments only B. transfer Spiros to the front office where he will not have direct access to the set C. demand that Juanita and Alex address Spiros' shortcomings however they see fit D. fire Spiros from the production since he is not capable of working in a team environment E. require employees to check in their cell phones and laptops when arriving on set

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Financial managers evaluate a firm's current strengths and weaknesses by computing ratios that compare values of key accounts listed on their firm's:

A. prospectus and operating budget. B. statement of cash flows. C. balance sheet and income statement. D. cost budget statements.

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