In the MinnLand dataset in the alr4 package, fit two possible models with log(acrePrice) or sqrt(acrePrice) as the response (y) variable and your choice of independent (x) variables (make sure there are no NAs or missing data for your variable of choice). Be sure to explain why you chose the variables that you did (and the help file has great descriptions of the data) and talk a bit about the outcomes of the different methods. Use methods we’ve learned to develop those two possible candidate models and compare them using:
5 Fold Cross Validation
10 Fold Cross Validation
Random Splitting with 1000 splits.
Note: The emphasis is on producing and interpreting the two models. The salarygov example is helpful for k-Fold cross validation. You may use, but aren’t required to use, parallel computing.
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