Which of the following statements are true?
A) Before the least squares estimates
Are computed, a scatter plot should be examined to see whether a linear probabilistic model is plausible.
B) For a fixed
(the height of the estimated regression line above
) gives either a point estimate of the expected value of Y when
Or a point prediction of the Y value that will result from a single new observation made at
)
C) The least squares regression line should not be used to make a prediction for an x value much beyond the range of the data x values.
D) The residuals are the vertical deviations
From the estimated regression line.
E) All of the above statements are true.
Correct Answer:
Verified
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