Which model appears to be the best accordingly?A. Model IB. Model IIC. Model IIID. Model IV Table 2: Several model fits with the data.ModelFormSSEAICBICy = Bo + B1r1 + 32r2 + B3r1r2 + ey = Bo+ B1r1 + 32r2 + ey = Bo+ B11 + ey = Bo + B1r2 +eI(1)(3)(5)3.314(2)II26.419(4)III106.371(6)IV134.928(8) Although a regional express delivery service bases the charge for shipping a(Cost of Shipment)package on the package weight and distance shipped, its profit per package depends on the packagesize (volume of space that it occupies) and the size and nature of the load on the delivery truck. Thecompany recently conducted a study to investigate the relationship between the cost, y, of shipment(in dollars) and the variables that control the shipping charge - package weight, r (in pounds), anddistance shipped, r2 (in miles). Ten packages were randomly selected from among the large numberreceived for shipment and a detailed analysis of the cost of shipment was made for each package,with the results shown in Table 1.Table 1: The Shipping Cost Data, together with some fitting results from a linear model.packageweight distance predicted leveragecostfour types of residualsCook's dIDh,t,d,2.65.90474.6542(2)(3)(4)(5)(6)-0.8834 -0.4547 -0.4825 -0.4544(7)3.93.20145(1) 0.11200.0108.0004.4002028.5090.149-0.509-0.262-0.284-0.2640.0054.9.2006.6001609.8280.203--0.628-0.323-0.362-0.3380.0114.4000.7502806.6340.613-2.234-1.150-1.848-2.3921.8046.1.5000.70080-0.9560.3472.4561.2641.5651.7970.43514.5006,50024012.7060.3211.7940.9241.1201.1450.1971.9004.500533.0350.272-1.135-0.584-0.685-0.6560.0581.0000.600100-0.3360.3211.3360.6880.8350.8140.1101014.0007.50019012.1420.3061.8580.9561.1481.1790.193It can be found that n = 10, y = 61, and y = 603.08.%3D

Given are a few Linear Models and their Error Sum of Squares.

Answered: Which model appears to be the best…

Math

Statistics

Which model appears to be the best accordingly? A. Model I B. Model II C. Model III D. Model IV

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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