In a study, data collected for 40 observations were used to model the dependent variable y with 8 independent variables under consideration, x1, x2, .. , Xg. Consider a stepwise regression run on the...

Extracted text: In a study, data collected for 40 observations were used to model the dependent variable y with 8 independent variables under consideration, x1, x2, .. , Xg. Consider a stepwise regression run on the data. 1. What is the form of the model fit in step 1? How many models are fit? How is the "best" independent variable selected in this step? 2. What is the form of the model fit in step 2? How many models are fit? How is the "best" independent variable selected in this step? 3. What is the form of the model fit in step 3? How many models are fit? How is the "best" independent variable selected in this step? 4. The variables x3, x4, and x6 were deemed the best variables for predicting y. How do you recommend the researchers proceed from here? Why?