The range of values in which we can be confident that the true regression coefficient lies within a given degree of probability is called a:
A)prediction interval.
B)confidence interval.
C)logistic regression.
D)none of the above.

Question

Quizplus · Accepted Answer

A confidence interval is a statistical range of values that includes the true value of the population parameter with a given probability. In regression analysis, we use confidence intervals to estimate the range of values for a regression coefficient that is likely to include the true population parameter. A prediction interval, on the other hand, is a range of values that predicts the value of a future observation or outcome with a given degree of probability. Logistic regression is a type of regression analysis used for modeling binary outcomes.

The Range of Values in Which We Can Be Confident