Consider the follow ing sample regressions fo r the linear, the quadratic, and the cubic models along
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Consider the follow ing sample regressions fo r the linear, the quadratic, and the cubic models along w ith their respective R2 and adjusted R2.
Linear Quadratic Cubic Intercept 9.66 10.00 10.06 X 2.66 2.75 1.83 X2 NA − 0.31 − 0.33 X3 NA NA 0.26 R2 0.810 0.836 0.896 Adjusted R2 0.809 0.833 0.895
a. Predict y fo r x = 1 and 2 w ith each of the estimated models.
b. Select the m ost appropriate model. Explain.
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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