Which model is preferred according to aic

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Reference no: EM133830757

Problem: The Fundamentals of Data Science

For the Houses data at Index of Datasets consider Y = selling price, x1 = tax bill (in dollars), and x2 = whether the house is new:

Form the scatter plot of y and x1. Then answer, does the normal GLM structure of constant variability in y seem appropriate? If not, how does it seem to be violated? Get the instant assignment help.

Using the identity link function, fit the normal GLM

gamma GLM

For each model, interpret the effect of x2.

• For each model, describe how the estimated variability in selling prices varies as the mean selling price varies from 100 thousand to 500 thousand dollars.

• Which model is preferred according to AIC?

Reference no: EM133830757

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