Question
Can multiple regression be used as a predicting (not a forecasting) technique? Are there principles to be wary of when predicting (e.g., the influence of
Can multiple regression be used as a predicting (not a forecasting) technique? Are there principles to be wary of when predicting (e.g., the influence of outliers, predicting outside of the range of given values, or extrapolating)? Explain.
Can you cite an example where regression is used to predict? Find a study on a topic of interest of yours, and cite a regression coefficient, it's t-score or p-value, and how you would interpret a one unit change in that variable. How much would the variable need to change in order to make a big impact on the dependent variable?
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