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The data le for this assignment is brain-body-wts.txt, which lists the averages brain weights (gm) and body weights (kg) for a number of animal species. Your task is to t an appropriate simple linear regression model which will predict average brain weight, given average body weight, for an- other animal species. The SLR model may be tted to any transformed version of brain and body weights, and you should use some of the diagnostic and/or remedial methods discussed in class to guide you. Please include your R script and R output, along with a simple description of the method you chose to use.
Note that
(a) this is an 'open-ended assignment, with no particular single 'correct' solution; and
(b) it is a big mistake to include excess, unnecessary output in your submission. With this in mind, please restrict your submission to a maximum of 3 A4 pages. See guideline at the end of the assignment.
Question 1 Suppose that you have 150 observations on production (yt) and investment (it), and you have estimated the following ADL(3,2) model: (1 – 0.5L – 0.1L2 – 0.05L3)yt = 0.7
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Ask Describe What-if Analysis
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