The Quadratic and Logarithmic Models, Y = β₀ + β₁x

question 36

Multiple Choice

The quadratic and logarithmic models, y = β₀ + β₁x + β₂x² + ε and y = β₀ + β₁ ln(x) + ε, were fit given data on y and x, and the following table summarizes the regression results. Which of the two models provides a better fit?

• A) The quadratic model.
• B) The logarithmic model.
• C) The models are not comparable.
• D) The provided information is not sufficient to make the conclusion.

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