0/3 pts Question 1 Suppose you are working with the automobile data set and got

Question

0/3 pts Question 1 Suppose you are working with the automobile data set and got the following printout. How would you interpret the results? Best Subset Regression Models for Price Forced Independent Variables: (A)Mileage (B)Model (C)X1X2 Unforced Independent Variables: (D)X1sq (E)X1sqX2 Adjusted AIC P Cp R Square Min AICc Resid SS F P(F) Model Variables 4 2.4 0.3177 764.14 1.728E+08 5 4.0 0.3091 766.26 1.712E+08 0.42 0.5194 ABCE 5 4.3 0.3047 766.58 1.723E+08 0.13 0.7162 ABCD 6 6.0 0.2937 768.95 1.711E+08 0.22 0.8047 ABCDE ABC Cases Included 50 Missing Cases O 4 8

Explanation / Answer

For all the models, P-value is greater than 0.05 significant value.

We can conlude that there is no independent variable is significant to an output variable.

Answer: There is insufficient evidence to indicate that atleast one qulitative term is usuful for predicting price.(qualitive term means measured values)

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