We would like to estimate a relationship between the weight of a car (weight) and the miles-per-gallon rating (mpg). lmpg - the natural logarithm of mpg lweight - the natural logarithm of weight Three...

We would like to estimate a relationship between the weight of a car (weight) and the miles-per-gallon rating (mpg).

lmpg - the natural logarithm of mpg

lweight - the natural logarithm of weight

Three models are estimated.

Based on the regression outputs, do you prefer MODEL 1 or MODEL 2?

1.Linear model is preferred because its R-Squared is higher compared to log-linear model.

2.Not enough information to answer the question.

3.Log-linear model is preferred because its R-Squared is higher compared to linear model.

4.Log-linear model is preferred as SER is lower compared to linear model.

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Jun 03, 2022

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