Why is it considered risky and unreliable to use the regression
formula to predict the dependent...
70.2K
Verified Solution
Link Copied!
Question
Statistics
Why is it considered risky and unreliable to use the regressionformula to predict the dependent variable outside the range of theactual values of the independent variable is...
Answer & Explanation
Solved by verified expert
3.7 Ratings (336 Votes)
In real life using values outside of the range of independent variable may be costly In regression we fir the model on past data and test the model using the present values of independent variable and
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
