Question 1
True or False.
Probabilistic models are commonly used to estimate both the mean value of
y and a new individual value of
y for a particular value of
x.
◦ True
◦ False
Question 2
True or False.
The least squares model provides very good estimates of
y for values of
x far outside the range of
x values contained in the sample.
◦ True
◦ False