Explanation:The complementary part of the total variation is called unexplained or residual. 2. Point out the correct statement:
A. A standard error is needed to create a prediction interval
B. The prediction interval must incorporate the variability in the data around the line
C. Investors use the residual variance to measure the accuracy of their predictions on the value of an asset
D. All of the Mentioned
Answer:A
Explanation:The complementary part of the total variation is called unexplained or residual. 2. Point out the correct statement:
A. A standard error is needed to create a prediction interval B. The prediction interval must incorporate the variability in the data around the line C. Investors use the residual variance to measure the accuracy of their predictions on the value of an asset D. All of the Mentioned
Explanation:In statistics, explained variation measures the proportion to which a mathematical model accounts for the variation of a given data set. 3. Which of the following things can be accomplished with linear model ?