For the Houses data filedescribedin Section 7.1.3, consider Y = selling price, x1 = tax bill(in dollars),
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For the Houses data filedescribedin Section 7.1.3, consider Y = selling price, x1 = tax bill(in dollars), and x2 = whether thehouseisnew.
(a) Formthescatterplotof y and x1. DoesthenormalGLMstructureofconstantvariability in y seem appropriate?Ifnot,howdoesitseemstobeviolated?
(b) Usingtheidentitylinkfunction,fitthe(i)normalGLM,(ii)gammaGLM.Foreach model,interprettheeffectof x2.
(c) Foreachmodel,describehowtheestimatedvariabilityinsellingpricesvariesasthemean selling pricevariesfrom100thousandto500thousanddollars.
(d) WhichmodelispreferredaccordingtoAIC?
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Foundations Of Statistics For Data Scientists With R And Python
ISBN: 9780367748456
1st Edition
Authors: Alan Agresti
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