A model is built to explain the evolution of spending on tourism and recreation in a certain group of families (Y in USD/person/year). As potential explanatory variables are considered: X1 average...


A model is built to explain the evolution of spending on tourism and recreation in a certain group of<br>families (Y in USD/person/year). As potential explanatory variables are considered:<br>X1<br>average annual income per person in the family (in USD),<br>X2 – number of people in the family,<br>X3 – nature of employment of the head of household<br>If<br>X3=1, when the head of the family is self-employed,<br>X3=0, when the head of the family is an employee<br>Based on the collected data, linear correlation coefficients between variables were calculated and<br>obtained<br>0,84<br>R, = -0,47<br>[1 -0,55 0, 62<br>R=<br>1<br>-0,42<br>0,75<br>1<br>Using Hellwig's method, select the optimal combination of explanatory variables for the tourism and<br>recreation expenditure model.<br>

Extracted text: A model is built to explain the evolution of spending on tourism and recreation in a certain group of families (Y in USD/person/year). As potential explanatory variables are considered: X1 average annual income per person in the family (in USD), X2 – number of people in the family, X3 – nature of employment of the head of household If X3=1, when the head of the family is self-employed, X3=0, when the head of the family is an employee Based on the collected data, linear correlation coefficients between variables were calculated and obtained 0,84 R, = -0,47 [1 -0,55 0, 62 R= 1 -0,42 0,75 1 Using Hellwig's method, select the optimal combination of explanatory variables for the tourism and recreation expenditure model.

Jun 09, 2022
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