Question: To illustrate a point, assume that for the data in Table 6.9, the goal is to predict X given Y, rather than predict Y given

To illustrate a point, assume that for the data in Table 6.9, the goal is to predict X given Y, rather than predict Y given X. Use the R functions ols and rqfit to test the hypothesis H0 : β1 = 0 with α = 0.05. Verify that ols fails to reject, its p-value is approximately 0.97, but rqfit rejects. What might explain this?

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