Identify the final step in the data analysis stage of the regression model-building process.
A) Examine the correlations among the independent variables
B) Run the regression
C) Determine the significant predictors of the dependent variable
D) Develop the forecast and confidence interval
E) Check the signs of the significant independent variables

Question

Quizplus · Accepted Answer

The final step in the data analysis stage of the regression model-building process involves developing the forecast and confidence interval, after determining which predictors are significant and running the regression. This step is crucial for interpreting the model's predictions and understanding the uncertainty around these predictions.

Identify the Final Step in the Data Analysis Stage of the Regression