Mathematical Statistics with Applications
Mathematical Statistics with Applications
7th Edition
ISBN: 9780495110811
Author: Dennis Wackerly, William Mendenhall, Richard L. Scheaffer
Publisher: Cengage Learning
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Chapter 12.2, Problem 8E

The standard error of the estimator β ^ 1 in a simple linear regression model gets smaller as Sxx increases, that is, as the x-values become more spread out. Why don’t we always spread the x-values out as much as possible?

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