Question

(KNNL5 Problem 16.2) A market researcher, having collected data on breakfast cereal expenditures by families with one, two, three, four, or five children living at home, plans to use an ordinary regression model to estimate the mean expenditures at each of these five family size levels. However, the researcher is undecided between fitting a linear or a quadratic regression model, and the data do not give clear evidence in favor of one model or the other. A colleague suggests: "For your purposes, you might simply use an ANOVA model." Is this a useful suggestion? Explain

Answer 1