Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A regression model to predict house price was run based on first floor square footage (X1) and the indicator variable RESERVE (1 if the house
A regression model to predict house price was run based on first floor square footage (X1) and the indicator variable RESERVE (1 if the house is on the nature reserve, 0 if not) . They believe that they need an interaction term. Construct the interaction term variable. O The interaction term is the product of the RESERVE variable and the y-intercept. O The interaction term is the product of the RESERVE variable and the X1 variable. O The interaction term is the sum of the RESERVE variable and the y-intercept. The interaction term is the sum of the RESERVE variable and the X1 variable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started