Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Linear regression with a categorical explanatory variable Great job calculating those grouped means! As mentioned in the last video, the means of each category will
Linear regression with a categorical explanatory variable Great job calculating those grouped means! As mentioned in the last video, the means of each category will also be the coefficients of a linear regression model with one categorical variable. You'll prove that in this exercise. To run a linear regression model with categorical explanatory variables, you can use the same code as with numeric explanatory variables. The coefficients returned by the model are different, however. Here you'll run a linear regression on the Taiwan real estate dataset. taiwan_real_estate is available and the ols() function is also loaded. Instructions 1/2 50 XP 1 2 Run and fit a linear regression with price_twd_msq as the response variable, house_age_years as the explanatory variable, and taiwan_real_estate as the dataset. Assign to mdl_price_vs_age. Print its parameters
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