In JMP application, how do you determine what is the best fit for a given regression scatterplot (linear, polynomial 2 - quadratic, polynomial 3, cubic, polynomial 4, quartic)? Do you first considered the Rsquare value and then move to the p-value (significance) to confirm that the correlation isn't due to random chance? Please explain.

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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In JMP application, how do you determine what is the best fit for a given regression scatterplot (linear, polynomial 2 - quadratic, polynomial 3, cubic, polynomial 4, quartic)? Do you first considered the Rsquare value and then move to the p-value (significance) to confirm that the correlation isn't due to random chance? Please explain.

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