Create a quadratic mileage term. Create two models to predict TPrice, one with only Mileage and another
Question:
a. How much does the R2 value increase if a quadratic term is added to the model TPrice = β0 + β1( Mileage)?
b. Look at plots of residuals versus Mileage in both models. Did the addition of the MileSq term improve the residual plots?
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Related Book For
Practicing Statistics Guided Investigations For The Second Course
ISBN: 9780321586018
1st Edition
Authors: Shonda Kuiper, Jeff Sklar
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