•List three variables (X1, X2, X3) you’d include in a Multiple Regression Model in order to better predict an outcome (Y) variable. For example, you might list three variables that could be related to how long a person will live (Y). Or you might list three variables that contribute to a successful restaurant. Your Regression Model should have three variables that will act as “predictors” (X1, X2, X3) of a “criterion” (Y’). Note that the outcome or criterion variable (e.g. how long a person would live, or the success/profit made by a restaurant measured) in must be a “Measurement” variable, that is something that is measured on a scale like inches, pounds, IQ, lifespan, stock value, etc. But that the predictors (X variables) can be either a measurement variable OR a categorical variable such as gender, political party, location, etc.
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