It Is Dangerous to Predict Outside the Range of the Data

question 67

Multiple Choice

It is dangerous to predict outside the range of the data collected in a regression analysis. For instance, we shouldnʹt predict the price of a 5000 square foot home if all our sample homes were
Smaller than 4500 square feet. Which of the following multiple regression pitfalls does this example
Describe?

• A)Multicollinearity
• B)Extrapolation
• C)Estimability
• D)Stepwise Regression

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Definitions:

Civil Law System

A system of law derived from that of the Roman Empire and based on a code rather than case law; the predominant system of law in the nations of continental Europe and the nations that were once their colonies. In the United States, Louisiana is the only state that has a civil law system.

International Law

The law that governs relations among nations. International customs and treaties are generally considered to be two of the most important sources of international law.

Individual Nations

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Overturn Precedents

To reverse or invalidate prior judicial decisions, altering the legal interpretations previously established by courts.