[Steps Shown] QUESTION: Now consider the following model for the same problem, the same real estate data in question 1. i.,e. y = 0 + 1 x 1 + 2 x
QUESTION: Now consider the following model for the same problem, the same real estate data in question 1.
i.,e. y = 0 + 1 x 1 + 2 x 2 + 3 \[x_{2}^{2}\] + 4 x 1 x 2 + .
- Solve the model. By setting =0.05, is the model appropriate? Are the predictors significant?
- Would your decision be different on buying the house that has 2000 square feet, a rating of 8, and the price of $178,000, if you used this model? Explain.
- Is this model better than the model in question 1? Answer by conducting nested (partial) F tests.
Deliverable: Word Document 