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Ava Diego, a doctoral student, is researching car loans issued at a local bank. She prepared asample of 200 to determine if there is a relationship between the loan amount, length of theloan, and interest rate provided. The regression results are in the table below. Which model ismore suitable for prediction and what is the best fit reason?Variable Model 1 p-value Model 2 p-valueConstant 114.325 0.000 110.54 0.000InterestRate106.505 (0.000) 108.650 (0.000)LoanLength0.2074 (0.000) 0.3290 (0.006)Interest× LoanNA −0.1430 (0.0005)AdjustedR 20.2178 0.2089
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