Explain the monotonic regression

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Reference no: EM131454385

Question: Consider the following data:

Y 2 3 4 5 6 8 11 15 18 23 29 37 47 59 70

X 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Which approach do you believe would provide the best fit to these data: monotonic regression or a quadratic spline with the knot determined from inspection of the graph? Use both approaches and compare the results.

Reference no: EM131454385

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