The Prediction Interval Developed from a Simple Linear Regression Model

question 87

True/False

The prediction interval developed from a simple linear regression model will be at its narrowest point when the value of x used to predict y is equal to the mean value of x.

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Definitions:

Descriptive Statistic

A brief summary statistic that quantitatively describes or summarizes features from a collection of information.

Data Set

A collection of data, often presented in tabular form, where each row represents a different individual or entity and each column represents a particular variable or attribute.

Population Subset

A smaller group selected from a larger population, used in statistical analysis to draw conclusions or make inferences about the greater population.

Inferential Statistics

A branch of statistics that allows us to make predictions or inferences about a population based on a sample of data.