Question: Suppose you are interested in creating a prediction interval for Y at a particular value of X 1 (denoted by X 1 h) using a

Suppose you are interested in creating a prediction interval for Y at a particular value of X₁ (denoted by X₁h) using a simple linear regression model and data has not yet been collected. For a given sample size n, how you would attempt to collect the sample data to make the most accurate prediction?

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Answer To make the most of accurate prediction consider the following points For example in the cont... View full answer

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