MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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When making predictions based on regression lines, which of the following is not listed as a consideration?
Use the regression equation for predictions only if the linear correlation coefficient r indicates that there is a linear correlation between the two variables.
Use the regression line for predictions only if the data go far beyond the scope of the available sample data.
If the regression equation does not appear to be useful for making predictions, the best predicted value of a variable is its point estimate.
Use the regression equation for predictions only if the graph of the regression line on the scatterplot confirms that the regression line fits the points reasonably well.
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