4. Look at the formula for confidence bounds for least-squares predictions. Which of the following conditions do
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4. Look at the formula for confidence bounds for least-squares predictions. Which of the following conditions do you think will result in a shorter confidence interval for a prediction?
(a) Larger or smaller values for the standard error of estimate
(b) Larger or smaller number of data pairs
(c) A value of x near x or a value of x far away from x Why would a shorter confidence interval for a prediction be more desirable than a longer interval?
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Related Book For
Understandable Statistics Concepts And Methods
ISBN: 9781305142909
11th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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