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Augment the data by the dummy variable cooling tower as given in Table 6. Build a multiple regression model to predict ln (C) by taking
Augment the data by the dummy variable "cooling tower" as given in Table 6.
- Build a multiple regression model to predict ln (C) by taking S and N or their natural logarithms, as well as CT, as the independent variables. Make sure to check for multicollinearity.
- Use residual analysis and R2 to check your model.
- State which variables are important in predicting the cost of constructing an LWR plant.
- State a prediction equation that can be used to predict ln(C).
- Does adding CT improve R2? If so, by what amount?
Table 5:
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