Question: Interpret the constant and its p-Value. 2) Interpret the coefficient on gas price and carry out a t-test to determine the significance of the coefficient.

Interpret the constant and its p-Value. 2)
Interpret the constant and its p-Value. 2) Interpret the coefficient on gas price and carry out a t-test to determine the significance of the coefficient. 3) Interpret the coefficient on ammal precipitation and its p-value. 4) Interpret the coefficient on land size and its pvalue. 12 marks 5) Interpret the R-squared. 2 marks 6) The above model belongs to the class of nonlinear equations. Calculate the awning point of the nonlinear relationship. 3 marks 7) Is this a Ushaped or inverted U-shaped relationship? 1 marks 8) Describe when is it better to use nonlinear models than linear models, and what types of relationships are best modelled with this. Apart from quadratic models, what type of nonlinear models do you know? Describe with a few sentences. 4 marks 9) Please describe if MLR 4 is likely to hold or not? 3 marks 10) Please describe if MLR 5 is likel},r to hold or not? 3 marks (Total: 28 marks)

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