Question

What is the best measure for evaluating the relative contributions of the individual predictors in a multiple regression?

Answer 1

The best measure for evaluating the relative contributions of the individual predictors in a multiple regression is β.

Obtain the standardized coefficients. Regression Sum up the absolute value of all standardized coefficients. Divide every individual standardized coefficient estimate by using the sum and multiply by one hundred to attain the contribution of every predictor variable.may additionally.

Normally variable with highest correlation is a great predictor. you can also examine coefficients to pick the pleasant predictor additionally look exchange in squared cost. Relative significance is described because the percentage development with admire to the maximum essential predictor. Relative importance is calculated with the aid of dividing every variable importance rating by the most important importance rating of the variables.

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