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# linear regression model

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can somneone help with a linear regression model equation?

Dec 15, 2021

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The human resource manager of a large USA based IT company has derived a linear regression model to predict the current salary of an employee based on the employee's starting salary (in \$), previous experience (in months) and years in education. The model's output is shown below:

 Regression Statistics R 0.8938 R Square 0.5914 Adjusted R Square 0.8685 Standard Error 7,308.39550 Sample Size 95 Coefficients Standard Error t Stat p-level Intercept -2247.32 4,165.04075 -0.76211 0.44808 Starting Salary 26.17 0.11447 14.02690 0.00000E+0 Previous Experience -15.37 7.39860 -1.03829 0.08204 Education 944.35 349.76133 2.15655 0.13383

By looking at the model's output what is an employee’s current salary if the employee started working with a salary of 20500\$, has 2 years of previous experience and has been studying for 8 years? (Give your answer in 2 decimal points).

Dec 15, 2021