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Author Question: In regression, it is desired to predict the dependent variable based on values of other related ... (Read 460 times)

stock

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on: Feb 14, 2020

Question 1

It is dangerous to predict outside the range of the data collected in a regression analysis. For instance, we shouldn't 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?
◦ Estimability
◦ Stepwise Regression
◦ Multicollinearity
◦ Extrapolation

Question 2

In regression, it is desired to predict the dependent variable based on values of other related independent variables. Occasionally, there are relationships that exist between the independent variables. Which of the following multiple regression pitfalls does this example describe?
◦ Multicollinearity
◦ Stepwise Regression
◦ Extrapolation
◦ Estimability
Statistics ¦ McClave, Sincich, Tamarack ¦ 12th Edition
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Marked as best answer by stock on Feb 14, 2020

aruss1303

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Reply #1 on: Feb 14, 2020
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smk628

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Reply #2 on: Nov 4, 2020
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