Instruction 16-6
Given Below Are Results from the Regression Analysis

True/False

Instruction 16-6
Given below are results from the regression analysis on 40 observations where the dependent variable is the number of weeks a worker is unemployed due to a layoff (Y)and the independent variables are the age of the worker (X₁),the number of years of education received (X₂),the number of years at the previous job (X₃),a dummy variable for marital status (X₄: 1 = married,0 = otherwise),a dummy variable for head of household (X₅: 1 = yes,0 = no)and a dummy variable for management position (X₆: 1 = yes,0 = no).
The coefficient of multiple determination (R²_j)the regression model using each of the 6 variables X_j as the dependent variable and all other X variables as independent variables are,respectively,0.2628,0.1240,0.2404,0.3510,0.3342 and 0.0993.
The partial results from best-subset regression are given below:
$$\begin{array} { | l | l | l | l | } \hline \text { Model } & \text { R Square } & \text { Adj. R Square } & \text { Std. Error } \\\hline \text { X1X5Х6 } & 0.4568 & 0.4116 & 18.3534 \\\hline \times 1 \times 2 \times 5 \times 6 & 0.4697 & 0.4091 & 18.3919 \\\hline \times 1 \times 3 \times 5 \times 6 & 0.4691 & 0.4084 & 18.4023 \\\hline \times 1 \times 2 \times 3 \times 5 \times 6 & 0.4877 & 0.4123 & 18.3416 \\\hline \times 1 \times 2 \times 3 \times 4 \times 5 \times 6 & 0.4949 & 0.4030 & 18.4861 \\\hline\end{array}$$
-Referring to Instruction 16-6,the model that includes X₁,X₂,X₃,X₅ and X₆ should be selected using the adjusted r² statistic.