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April 18, 2014

Homework Help: Statistics: Regression

Posted by Brad on Wednesday, October 10, 2012 at 5:55pm.

The June 1997 issue of Management Accounting gave the following rule for predicting your current salary if you are a managerial accountant. Take $31,865. Next, add $20,811 if you are top management, add $3604 if you are senior management, or subtract $11,419 if you are entry management. Then add $1105 for every year you have been a managerial accountant. Add $7600 if you have a master's degree or subtract $12,467 if you have no college degree. Add $11,257 if you have a professional certification. Finally, add $8667 if you are male.

State the model/method that was used to predict the salary of an accountant? Define the variables.

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