Question: Continuation of the above question. B) Develop an interaction term to model the effect one variable dependent on another variable. An interaction term is defined
Continuation of the above question.
B) Develop an interaction term to model the effect one variable dependent on another variable. An interaction term is defined by X3 = X1 * X2. In this case, try an interaction term with Townhouse*Lot cost. Add the interaction term to your existing model and check p-values. Drop the unnecessary variables. C) Using the final model, find out the predicted price for either a single family home or a townhouse with a lot cost of $30,000
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