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SOLVED: Consider three regression models, each fit to a training data set and a test data setwith a continuous response y and a continuous predictor x.• Model 1: y = ?0 ?1x• Model 2: y = ?0 ?1x ?2x2• Model 3: y = ?0 ?1x ?2x2 ?3x3 ?4x4 ?5x5 ?6x6 ?7x7 ?8x8Suppose the true model is given by y = 4 x2 ?, where ? ? N(µ = 0, ?2 = 0.1). Regarding thethree models,(a). Which model will be expected to have the lowest training mean squared error (MSE)? Why?(b). Which model will be
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SOLVED: (b) Use the data to develop an estimated regression model that could be used to predict the annual maintenance expense given the number of hours of weekly usage. What is the weekly usage? Let represent the number of hours of weekly usage. If required, round your answers to two decimal places. For subtractive negative numbers, use a minus sign even if there is a sign before the blank: (Example: -300)4.8772956(c) Test whether each of the regression parameters Bo and Bi is equal to zero at
SOLVED: (b) Use the data to develop an estimated regression …
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