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SOLVED:Testing for lack-of-fit (Data file: MinnLand) Refer to the Minnesota farm sales data introduced in Problem 5.4 a. Fit the regression model log (acrePrice) ∼year via oLs, where year is not a factor, but treated as a continuous predictor. What does this model say about the change in price per acre over time? Call this model A. b. Fit the regression model via log (acrePrice) ∼1 fyear via OLS, where fyear is a factor with as many levels are there are years in the data, including the intercep
SOLVED:Testing for lack-of-fit (Data file: MinnLand) Refer to the Minne…
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