Problem 2.2
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Scenario 1
Set of data on the top 500 firms in the US. For each firm we record
profit, number of employees, industry and the CEO salary. Which factors
affect CEO salary.
Scenario 1 - Type of problem
Clear selection
Scenario 1 - Goal
Clear selection
Scenario 1 - Number of samples, n
Scenario 1 - Number of predictors, p
Scenario 2
Launching a new product and wish to know whether it will be a success
or a failure. Data on 20 similar product, previously launched. For each
product, whether it was a success or failure, price charged for the
product, marketing budget, competition price, and ten other variables.
Scenario 2 - Type of problem
Clear selection
Scenario 2 - Goal
Clear selection
Scenario 2 - Number of samples, n
Scenario 2- Number of predictors, p
Scenario 3
We are interesting in predicting the % change in the US dollar in relation
to the weekly changes in the world stock markets. Hence we collect
weekly data for all of 2012. For each week we record the % change in: the
dollar, in the US market, in the British market, and in the German market.
Scenario 3 - Type of problem
Clear selection
Scenario 3 - Goal
Clear selection
Scenario 3 - Number of samples, n
Scenario 3 - Number of predictors, p
Submit
Clear form
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