Hello Rick,
My dependent variable is Total Freight and this freight has components such as freight, tax, gas price, and like so there are 4 other var which total up and make my total freight. these values keep on changing from one month to another.
I have data points for the last 12 months and make in excess of 4 million rows of data. When i ran the correlation analysis in SAS it gave me how these var were correlated with the outcome variable. Hence i wanted to run a regression model to predict at given values of these variables what my outcome value could look like keeping in account all the assumptions of linear regression and also performing the residual analysis.
But i just wanted to understand that statistically do we need to have atleast one or few insignificant var to run a regression. I hope this helps.
regards, Shivi
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