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Published on Oct 17, 2018
Do you think a red minivan would be more expensive than a beige one? Now what if the car was something sportier like a corvette? Last week we introduced the ANOVA model which allows us to compare measurements of more than two groups, and today we’re going to show you how it can be applied to look at data that belong to multiple groups that overlap and interact. Most things after all can be grouped in many different ways - like a car has a make, model, and color - so if we wanted to try to predict the price of a car, it’d be especially helpful to know how those different variables interact with one another.
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