Question
Consider the following statements which might be made by a person undertaking to construct a simple linear regression model: 1.I will be highly confident in
Consider the following statements which might be made by a person undertaking to construct a simple linear regression model:
1.I will be highly confident in the predictive value of my model if the correlation coefficient is near but below +1.
2.I will be highly confident in the predictive value of my model if the correlation coefficient is near but above -1.
3.I will be highly confident in the predictive value of my model if the correlation coefficient is near 0.
4.I will be highly confident in the predictive value of my model if the correlation coefficient is just below 1 or just above -1.
5.I will be highly confident in the predictive value of my model if the correlation coefficient is bigger than 5.
Which of these statements reflects the best overall understanding of simple linear regression?(5 points)
Which of these statements reflects the worst overall understanding of simple linear regression?(5 points)
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Finite Math And Applied Calculus
Authors: Stefan Waner, Steven Costenoble
6th Edition
1285415132, 9781285415130
