[Solved] Now suppose you wanted to find the best single variable regression equation (). If you were to run a single variable regression on the following
Question: (10pts) Now suppose you wanted to find the best single variable regression equation (). If you were to run a single variable regression on the following two models (remember what is your independent variable and dependent variable):
- Obesity and Education (OBR & EDU),
- Obesity and Income (OBR & MHI).
For each of the models:
- Report the regression equation, (can be simply the equations, with what each value represents)
- Interpret the coefficient variable estimate and the model, (now interpret, what does the coefficient estimate for each mean?)
- Indicate if the variable is significant,
- Explain if the model is a good fit, (how do you know if a model is a good fit?)
- Which model is better, for predicting obesity? What do you use from the above to show which is better?
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