What Is an Approximate 95% Confidence Interval for the Slope

question 12

Essay

What is an approximate 95% confidence interval for the slope ₁?

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Definitions:

Regression Analysis

A statistical approach used to model and analyze the relationship between a dependent (target) variable and one or more independent variables.

Dependent Variable

The variable that is measured in an experiment and expected to change as a result of changes in the independent variable.

Continuous Variables

Variables that can take an infinite number of values within a given range, allowing for very fine distinctions.

Factor Analysis

An analytical method in statistics that identifies the basic variables, or factors, explaining the correlation patterns seen within a group of observed variables.