Question 4 1.00000 points Save Answer Identify from the list below what are the benefits of...
Use the following question to comment on its answer below: What are some ways to identify that a quadratic term is needed in a multiple regression model? Comment on the importance of using quadratic terms in models when it is determined that one is in fact needed. Suppose you are given a quadratic model of the form: y=β_0+β_1 x+β_2 x^2+ε Is the model valid for all values of x? Use examples to support your conclusions. Here the answer of the...