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The Quadratic and Logarithmic Models,y = β0 + β1x

Question 27

Multiple Choice

The quadratic and logarithmic models,y = β0 + β1x + β2x2 + ε and y = β0 + β1ln(x) + ε,were used to fit given data on y and x,and the following table summarizes the regression results.Which of the two models provides a better fit? The quadratic and logarithmic models,y = β<sub>0</sub> + β<sub>1</sub>x + β<sub>2</sub>x<sup>2</sup> + ε and y = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε,were used to 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.


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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