SCENARIO 15-1
-True or False: Referring to Scenario 15-1, a more parsimonious simple linear model is likely to
be statistically superior to the fitted curvilinear for predicting sale price (Y).

Question

SCENARIO 15-1 
-True or False: Referring to Scenario 15-1, a more parsimonious simple linear model is likely to
be statistically superior to the fitted curvilinear for predicting sale price (Y).

Quizplus · Accepted Answer

A more parsimonious model is generally preferred because it is simpler and easier to interpret, and it is less likely to overfit the data. In this case, the simple linear model is more parsimonious than the fitted curvilinear model because it has fewer parameters. Therefore, it is likely to be statistically superior to the fitted curvilinear model for predicting sale price (Y).

SCENARIO 15-1 -True or False: Referring to Scenario 15-1, a More Parsimonious