Toying with OLS III: Model Selection

NixSplash, a water conservationist group in Utah, wants to make a targeted ad campaign to encourage high water consumers to reduce their water usage. To determine who to target with their ad campaign, NixSplash conducts a survey across a random sample of the population. However, the intern who put together NixSplash's survey asked a bunch of odd questions. Use NixSplash's survey dataset, Survey, to generate the best model for predicting a household's water usage.

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1) Examine the data from the survey
2) Build a regression model that includes all statistically significant predictors of a household's water usage (Water).
3) Build a regression model that includes all intuitive predictors of a household's water usage (Water).
4) Decide which way of modeling is better.

Show Answer (-100 XP)

Exercise

Toying with OLS III: Model Selection

Instructions