Confidence intervals for predicted Y are less precise when the residuals are very small.

Name: Confidence intervals for predicted Y are less precise when the residuals are very small.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Confidence intervals for predicted Y actually become more precise (narrower) when the residuals are very small, as smaller residuals indicate that the predictions are very close to the actual values, leading to higher confidence in the predictions.

Confidence Intervals for Predicted Y Are Less Precise When the Residuals