Byrd Vargas

10/06/2024 · Middle School

The strongest finding from the data was that the top 10 finishes occurred as the top predictor of winnings among the drivers. The p-value of 0.0068 provides a significant relationship and its relatively high, \( t \)-statistics of 2.91 , compared to other variables. Poles, Wins, and Top 5 finishes were expected to give us more predictive power, but showering the low \( t \)-stats, suggesting weak or no true relationship to the winnings. Based on these findings while wins and poles are important for achieving overall success in NASCAR, they do not appear to directly drive winnings as strongly as top 10 finishes. To support this, the regression model demonstrated the coefficient for the top 10 finishes. The top 10 finish is associated with an increase of \( \$ 112,822 \) in winnings. The substantial contribution compared to the negligible coefficients for poles or wins, reinforces the importance of consistency over singular achievements.I Review your peer's post. In a minimum of 100 words each, respond in a substantive manner, and provide information that they may have missed or may not have considered regarding the inferences that can be drawn from the application of Multiple Regression in business and economics. Do you agree with their conclusions? Why or why not? -