When using a simple regression equation for predicting a response variable, or predicting outside the range of?

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25-08-2022
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When using a simple regression equation for predicting a response variable, or predicting outside the range of?

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Tutorconsortium363 Tutorconsortium363 · Answer 1 · 2022-08-30T20:25:42+02:00

Regression predictions are useful only for the range of data used to evaluate the model. The relationship between the independent variables and the dependent variable can vary outside of that field. In other words, we don't know whether the shape of the curve shifts.

When making projections based on regression lines, which of the following is not listed as a consideration?

Use the regression line for predictions only if the info goes far beyond the scope of the available sample data. Extrapolation can never be used to make forecasts beyond the range of the data.

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When using a simple regression equation for predicting a response variable, or predicting outside the range of?

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When making projections based on regression​ lines, which of the following is not listed as a​ consideration?

Otras preguntas

When making projections based on regression lines, which of the following is not listed as a consideration?