Question: Assume your roommate has taken only one introductory statistics class, but is currently working on a multiple regression project in his economics class. He used
Assume your roommate has taken only one introductory statistics class, but is currently working on a multiple regression project in his economics class. He used best subsets regression on 50 explanatory variables to find a good- fitting final model that included only four explanatory variables. He then used hypothesis tests to show that all four of these explanatory variables significantly impact the response. Write a short note to your roommate, explaining why the hypothesis tests are not valid.
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