True or False. Justify your answer: You fit a simple linear regression model to explain the price of oil (target variabl
Posted: Mon May 09, 2022 12:21 pm
True or False. Justify your answer:
You fit a simple linear regression model to explain the price of
oil (target variable) based on the total consumption of chicken
(explanatory variable). The p-value of the coefficient is of 6%.
This means that there is no statistically significant relationship
between “price of oil” and “total consumption of chicken” at the 5%
significance level.
You fit a simple linear regression model to explain the price of
oil (target variable) based on the total consumption of chicken
(explanatory variable). The p-value of the coefficient is of 6%.
This means that there is no statistically significant relationship
between “price of oil” and “total consumption of chicken” at the 5%
significance level.