Lab Exam AnalysisStuden t Nam eStuden t ID: XXX - XX -M odel formulationSpecify (only) t wo of the models that you attempted to fit to the sample data — one modelthat fails and one model that wor ks well. You need only specify the error terms assum p tionsonce.Mode l est imatio nFor each of the models that y ou specified abo ve, report the estimated regression function.1Model ev aluation1. Identify eac h m eth od that yo u used in evalu atin g each model. Refer to the methodsb y the follo w ing names: residu als v ersus order plot, residuals versu s fits plot, residualsversus x plot, normal probability plot, lac k of fit test, R2value, fitted line plot. etc.2. Describe what the method illustrated (e.g. residuals are not in a horizon ta l band orP =0.12).3. Describe you r interpretation of what the method illustrated (e.g. error terms hav eunequal variance or error terms are not normal).Model # M ethod used Wh at me thod illustrated Interpretation2Model useNow, use the model to answ er the research questions. Sh ow y ou r work here. For each resear chquestion you answer, write one sum m ary statement that answers the research question in away that can be easily understood b y someone who did not do the
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