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Week 7 Homework overview This week we'll be learning how to build a regression model with a classification (yes/no, 1/0) variable as our dependent variable. We will use a technique called "logistic...

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Week 7 Homework overview
This week we'll be learning how to build a regression model with a classification (yes/no, 1/0) variable as our dependent variable. We will use a technique called "logistic regression".
Building models in logistic regression is similar to linear regression. But deciding on a best model and interpreting the parameter estimates is quite different.
As usual, you have a homework case. This week, we're back to Holmes University, working on a freshmen retention task force. We will build a model to predict whether students will return for their sophomore year, and consider how to use the model to decide which students will receive a costly intervention.
Assigment week7
We're back to Holmes University this week. We're on a freshmen retention task force, trying to identify freshmen who are likely to leave Holmes University, i.e. not return for their sophomore year.
We've collected the following variables:
· GPA: The student's GPA in their freshman yea
· Athlete: =1 if the student is an athlete, =0 otherwise
· Miles from home: Distance from campus to the student's home
· College: College in which the student is enrolled: Education, Business, or Arts and Sciences
· Accommodations: Home or Dorm
· Work Hours: The number of hours the student said they worked at a job during the last week. They could either answer 0, 0-5, 5-10, 10-15, 15-20, or 20+; this has been coded with the midpoint of that range, or 22.5 for 20+. Not perfect, but it's the best we have.
· Attends office hours: How often does the student say they go to office hours: Never, Sometimes, or Regularly
· HS GPA: The student's high school GPA
· Return: Dependent variable; =1 if the student returned, =0 if the student did not return.
Your sample includes 500 students; of those, 395 return, and 105 do not.
Week 7 Homework tasks
1. Build a logistic regression model to predict which students will leave
eturn to Holmes University for their sophomore year.
1. In addition to the variables given, consider polynomial and cross-product terms.
1. Particularly, it looks like GPA, College, and Miles from home are important variables; a polynomial or cross-product involving those variables is useful.
· Interpret the parameter estimates in your model, including numerical effects or graphical display of effects.
1. What generally makes students more or less likely to leave Holmes University?
· The retention task force plans to use your model to identify students who are likely to leave. It will place them in a program where they get access to additional services and possibly a small financial incentive to return. The cost of this program is $1,000 per student you identify as likely to leave. Every student who you co
ectly identify as likely to leave will now be more likely to return: co
ectly identifying a student as likely to leave gains $4,000 per student.
1. What cutoff probability should you use to identify likely leavers?
1. How much net benefit will this program give the university, based on the 500 students in your sample?
Write your findings in a case report as usual.
Report Template
Executive Summary
In your executive summary, describe
iefly what you did in your homework this week and what you found. You should include a short summary of the task you were asked to complete, describe how you analyzed the data, and what you found. You should also include any conclusions
ecommendations that you generate.
The purpose of an executive summary is to explain the main findings and conclusions
ecommendations of your report/project. It should be able to be read completely apart from (and in place of, for readers who aren’t going to read) your full report.
Your executive summaries in this class should be about XXXXXXXXXXwords, depending on how much you need to summarize. Your executive summary should be the last thing you write; how could you summarize your report if you hadn’t written your report yet?
Introduction
In this class, you can keep your introduction very short. What have you been asked to do? How are you going to go about performing the tasks you need to perform? One or two paragraphs is adequate.
                
Data
Describe your data. What data do you have? Where does it come from? Show and discuss appropriate summary statistics and/or graphs/plots of your data. Think of this as “supporting evidence” for the analysis you perform in the next section. Try not to spend more than about a page on this.
Analysis
This is the main section of your report. Describe how you analyze your data, including a short explanation of the statistical methods you use. You may include output from Excel or Enterprise Guide here; but any output needs to be discussed in the text. (If you want to include output that you will not discuss, you can place it in the appendix.)
Try not to make this too “na
ative”, i.e. “I did this, then I did this…”. Instead, tell the story of the data: I performed statistical method X on the data in order to determine whether Y was true. The analysis shows evidence fo
against Y because…, etc.
Conclusions/Recommendations
Finally, what did you discover? What did we learn from your analysis? How can your analysis inform the decisions that will be made?
Answered Same Day Nov 30, 2021

Solution

Sourav answered on Dec 03 2021
143 Votes
Data
    GPA    Athlete    Miles from home    College    Accommodations    Work hours    Attends office hours    HS...
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