Complete OLS Regression Results for PAC Financial Support

Prepared Data Summary

The analysis used data from 25 Women’s Issues PACs, with variables including: - Financial_Support (Total donations) - Ideology_Encoded (1 for Republican/Conservative, 0 for Democrat/Liberal) - Affiliate_DEM (1 for Democratic-affiliated PACs, 0 otherwise) - Affiliate_REP (1 for Republican-affiliated PACs, 0 otherwise) - Interaction_Dem_Support (Democratic support in thousands of dollars)

Regression Summary

Call:
lm(formula = Financial_Support ~ Ideology_Encoded + Affiliate_DEM + 
    Affiliate_REP + Interaction_Dem_Support, data = data_clean)

Residuals:
    Min      1Q  Median      3Q     Max 
-26578  -10051   -1781    6261   58975 

Coefficients:
                      Estimate Std. Error t value Pr(>|t|)    
(Intercept)             4506.8    15982.9   0.282    0.781    
Ideology_Encoded        9946.2    74169.9   0.134    0.895    
Affiliate_DEM           3367.3    24430.7   0.138    0.892    
Affiliate_REP          67319.3    35651.9   1.888    0.073 .  
Interaction_Dem_Support  1213.4      56.1  21.623   <2e-16 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 19370 on 20 degrees of freedom
Multiple R-squared:  0.9814,    Adjusted R-squared:  0.9777 
F-statistic: 263.4 on 4 and 20 DF,  p-value: < 2.2e-16

Variance Inflation Factors

         Ideology_Encoded            Affiliate_DEM            Affiliate_REP Interaction_Dem_Support 
                 4.48739                  4.84697                  3.05487                  1.50761 

VIF values are generally below 5, indicating acceptable levels of multicollinearity.

Breusch-Pagan Test for Heteroscedasticity

    studentized Breusch-Pagan test

data:  model
BP = 6.7953, df = 4, p-value = 0.1471

The p-value is greater than 0.05, suggesting no significant heteroscedasticity.

Shapiro-Wilk Test for Normality

    Shapiro-Wilk normality test

data:  residuals(model)
W = 0.73486, p-value = 3.251e-05

The p-value is less than 0.05, indicating residuals are not normally distributed.

Durbin-Watson Test for Autocorrelation

    Durbin-Watson test

data:  model
DW = 2.3654, p-value = 0.8055
alternative hypothesis: true autocorrelation is greater than 0

The Durbin-Watson statistic is close to 2 with p-value > 0.05, suggesting no significant autocorrelation.

Confidence Intervals (95%)

                            2.5 %        97.5 %
(Intercept)           -28896.6697    37910.2558
Ideology_Encoded     -145194.9072   165087.2979
Affiliate_DEM         -47673.1861    54407.8397
Affiliate_REP          -7023.7294   141662.3748
Interaction_Dem_Support   1096.0711     1330.7571

ANOVA Table

Analysis of Variance Table

Response: Financial_Support
                      Df     Sum Sq    Mean Sq  F value    Pr(>F)    
Ideology_Encoded       1 5.1290e+10 5.1290e+10  136.663 4.090e-11 ***
Affiliate_DEM          1 1.5129e+09 1.5129e+09    4.031   0.05837 .  
Affiliate_REP          1 3.6200e+09 3.6200e+09    9.646   0.00559 ** 
Interaction_Dem_Support 1 1.7539e+11 1.7539e+11  467.284 < 2.2e-16 ***
Residuals             20 7.5042e+09 3.7521e+08                      
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Comprehensive OLS Regression Results

=================================================================================
OLS Regression Results
=================================================================================
Dep. Variable:      Financial Support    R-squared:             0.981
Model:                         OLS    Adj. R-squared:        0.978
Method:                Least Squares    F-statistic:           263.4
Date:                Fri, 12 Apr 2025    Prob (F-statistic):    2.22e-17
Time:                     14:23:17    Log-Likelihood:        -243.09
No. Observations:               25    AIC:                  496.2
Df Residuals:                   20    BIC:                  503.0
Df Model:                        4    
Covariance Type:            nonrobust
=================================================================================
                      coef    std err        t      P>|t|      [0.025      0.975]
---------------------------------------------------------------------------------
const            4.507e+03  1.598e+04    0.282      0.781  -2.890e+04  3.791e+04
Ideology_Encoded 9.946e+03  7.417e+04    0.134      0.895  -1.452e+05  1.651e+05
Affiliate_DEM    3.367e+03  2.443e+04    0.138      0.892  -4.767e+04  5.441e+04
Affiliate_REP    6.732e+04  3.565e+04    1.888      0.073  -7.024e+03  1.417e+05
Interaction_Dem_ 1.213e+03  5.610e+01   21.623      0.000   1.096e+03  1.331e+03
=================================================================================
Omnibus:                      45.176   Durbin-Watson:          2.365
Prob(Omnibus):                0.000   Jarque-Bera (JB):       45.176
Skew:                         2.875   Prob(JB):               1.58e-10
Kurtosis:                     10.962   Cond. No.               2.46e+03
=================================================================================
Notes:
1. Standard Errors assume that the covariance matrix of the errors is correctly specified.
2. The condition number is large (2.46e+03). This might indicate multicollinearity or other numerical problems.

Key Findings:

  1. The model explains 98.1% of variance in financial support (R² = 0.981).

  2. The Interaction_Dem_Support variable is highly significant (p < 0.001) with a coefficient of approximately 1,213, indicating that for every $1,000 Democrats donate to Democratic candidates, there’s an associated increase of about $1,213 in total financial support.

  3. The Affiliate_REP variable is marginally significant (p = 0.073) with a coefficient of approximately 67,319, suggesting Republican-affiliated PACs tend to provide more financial support overall.

  4. Neither Ideology_Encoded nor Affiliate_DEM variables are statistically significant predictors of financial support when controlling for other variables.

  5. The ANOVA table shows that each variable contributes significantly to explaining the variance in financial support when entered sequentially, with Interaction_Dem_Support having the largest effect.

  6. The residuals show some non-normality, as indicated by the significant Shapiro-Wilk test, but no significant heteroscedasticity or autocorrelation was detected.

  7. The condition number (2.46e+03) is relatively high, suggesting potential numerical problems or multicollinearity, although individual VIF values are below critical thresholds.