If There Is No Relationship Between the X and Y

question 86

Not Answered

If there is no relationship between the X and Y variables and we desire to predict Y given X using a least-squares criterion, it is best to predict for every Y score. Is this correct? If so, explain why. (Hint: one of the properties of the mean might be helpful here)

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Definitions:

Entrepreneurial Activity

The actions related to starting and managing new ventures, including innovation, risk-taking, and resource management.

Innovation

The act of introducing something new, such as an idea, method, or device, which is aimed to improve processes, products, or services.

Corporate Venturing

The practice of a large company funding new, innovative projects or startups to explore new markets or technologies.

Venture Creation

The process of conceiving, developing, and bringing a new business or enterprise into existence.