LA Homes, multicollinearity (1)
In the next series of exercises, you will investigate how to interpret the sign (positive or negative) of the slope coefficient as well as the significance of the variables (p-value). You will continue to use the log transformed variables so that the technical conditions hold, but you will not be concerned here with the value of the coefficient.
This exercise is part of the course
Inference for Linear Regression in R
Exercise instructions
- Run a linear regression on log
priceversus logsqftfor theLAhomesdataset, then tidy the output. - Look at the output. Is the relationship is positive or negative? Is relationship is significant?
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
# Output the tidy model