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Q5. Using the boy band dataset provided by Sommet and Morselli (2021), please compare results of ordinary regression, quantile regression, and multilevel regression with
Q5. Using the boy band dataset provided by Sommet and Morselli (2021), please compare results of ordinary regression, quantile regression, and multilevel regression with the specification: Popularity score = a + Hotness + BPeriod (a) Show the result of the ordinary regression, and explain the meaning of B-6pts (b) Run regressions for 20%, 40%, 60% and 80% quantiles. Please show all the quantile estimates of along with that of the ordinary regression in a plot, and comment on your finding.-11pts (c) Since idols in the same band are correlated, please use the multilevel regression to incorporate the band/group effect into the intercept and coefficient estimates. You are required to show the model specification, and comment the estimate of B: What is the value and meaning? Why is it different from that of the ordinary regression?- 12pts (d) Following (c), what is the meaning of random effects: variance of hotness reported by the R multilevel package? -5pts
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