Q) Compare all models 1,2,3,4,5&6 in terms of parameter estimates,their standard
ID: 3253261 • Letter: Q
Question
Q) Compare all models 1,2,3,4,5&6 in terms of parameter estimates,their standard errors,R-square, R2-adj and significance of model parameters. Then comments on the final choice of the best model.
Explanation / Answer
model 6 is the best ,with highest r sqaure value which means it is able to success explain 56% of variability ,among the varibales and standard error are less compared that to of model 5 which has same r sqaure value though
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