1. Consider the linear regression models. The p-values are shown in parentheses [5 points].Model 1Y = 123.2 +0.89X₂R² = 0.600Model 2Model 3(0.0005) (0.00001)Y = 40.1 +0.14X₂ + 0.61X3(0.003) (0.008) (0.0004)Y=-1.7+2.57X₁-1.78X₂(0.006) (0.04) (0.2)R² = 0.825R² = 0.876Where Y is the number of trips, X₁ is the total employment, X₂ is the industrial employment, Xs is the commercialemployment. Choose the most appropriate model and explain why this model is selected as the most appropriate model.Hint: Consider both goodness-of-fit and coefficient significance.

Given the 3 models with R2 values and p-values of its coefficient.want to comment on which model…

1. Consider the linear regression models. The p-values are shown in parentheses [5 points). Model 1 Y=123.2 +0.89X₁ Model 2 Model 3 (0.0005) (0.00001) Y = 40.1 +0.14X₂ +0.61X, (0.003) (0.008) (0.0004) Y=-1.7+2.57X₁-1.78X₂ (0.006) (0.04) (0.2) R² = 0.600 R² = 0.825 R² = 0.876 Where Y is the number of trips, X, is the total employment, X₂ is the industrial employment, X, is the commercial employment. Choose the most appropriate model and explain why this model is selected as the most appropriate model. Hint: Consider both goodness-of-fit and coefficient significance.

1. Consider the linear regression models. The p-values are shown in parentheses [5 points). Model 1 Y=123.2 +0.89X₁ Model 2 Model 3 (0.0005) (0.00001) Y = 40.1 +0.14X₂ +0.61X, (0.003) (0.008) (0.0004) Y=-1.7+2.57X₁-1.78X₂ (0.006) (0.04) (0.2) R² = 0.600 R² = 0.825 R² = 0.876 Where Y is the number of trips, X, is the total employment, X₂ is the industrial employment, X, is the commercial employment. Choose the most appropriate model and explain why this model is selected as the most appropriate model. Hint: Consider both goodness-of-fit and coefficient significance.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.6: Higher-degree Polynomials And Rational Functions

Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...

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