Answered step by step
Verified Expert Solution
Question
1 Approved Answer
how do I do this in excel given the regression anaylisi Calculate the margin of error for the 95% prediction interval: This step involves a
how do I do this in excel given the regression anaylisi Calculate the margin of error for the 95% prediction interval: This step involves a bit of statistics. You'll need to use the T.INV function in Excel to get the t-value associated with a 95% confidence level and your degrees of freedom (which is your number of data points minus 2). You'll multiply this t-value by your standard error and a correction factor based on your number of data points and the specific X value you're predicting for
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started