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Compare outputs (1) and (2) and comment on what mistake would the researcher commit by not including the interaction term France age in equation (1);
Compare outputs (1) and (2) and comment on what mistake would the researcher commit by not including the interaction term France age in equation (1);
In(Price,) = 3.41+0.04671age, +0.0019 temp; +0.0211 France,, (0.512) (0.015) (0.009) (0.020) R = 0.3537, R = 0.3451, adj (1) AIC = 2013.313, BIC= 2001.067, p_RESET = 0.000, i = 1,..., 230, In(Price,) = 2.36+0.0250 age, +0.0021 temp, +0.0109 France, +0.0130(France, age,), (0.412) (0.015) (0.009) (0.020) (0.004) R = 0.3652, R = 0.3601, adj (2) AIC=2154.513, BIC=2132.067, p_RESET = 0.000, i = 1,..., 230
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