Ava Diego, a doctoral student, is researching car loans issued at a local bank. She prepared a sample of 200 to determine if there is a relationship between the loan amount, length of the loan, and interest rate provided. The regression results are in the table below. Which model is more suitable for prediction and what is the best fit reason? A) Model 2 is the most suitable because of the p-value variance. B) Model 1 is the most suitable because of the higher adjusted R² value. C) Model 2 is the most suitable because of the lower adjusted R² value. D) Neither provide enough results data to predict the model or reasoning.

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The Answer of Ava Diego, a doctoral student, is researching car loans issued at a local bank. She prepared a sample of 200 to determine if there is a relationship between the loan amount, length of the loan, and interest rate provided. The regression results are in the table below. Which model is more suitable for prediction and what is the best fit reason? A) Model 2 is the most suitable because of the p-value variance. B) Model 1 is the most suitable because of the higher adjusted R² value. C) Model 2 is the most suitable because of the lower adjusted R² value. D) Neither provide enough results data to predict the model or reasoning.

Ava Diego, a Doctoral Student, Is Researching Car Loans Issued