Provide a comparison of the models

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Reference no: EM133257831

Problem:

Using the MinnLand data again, fit two models (with year as a factor in both) M1<-lm(log(acrePrice)~year+region, data=MinnLand) M2<-lm(log(acrePrice)~year+region+year*region, data=MinnLand) Explain the difference between the two models, then provide a comparison of the models. Using the model you define as "best" provide an explanation of the coefficients. (HINT: An EFFECTS PLOT makes this easier visually).

Reference no: EM133257831

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