STATISTICAL TECHNIQUES AND TOOLS
REGRESSION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Suppose a straight line is fit to data having response variable y and explanatory variable x. Predicting values of y for values of x outside the range of the observed data is called ____
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extrapolation
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causation
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correlation
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interpolation
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Explanation:
Detailed explanation-1: -Suppose a straight line is fit to data having response variable y and explanatory variable x. Predicting values of y for values of x outside the range of the observed data is called causation. correlation.
Detailed explanation-2: -Independent variables are also called: Explanatory variables (they explain an event or outcome) Predictor variables (they can be used to predict the value of a dependent variable)
Detailed explanation-3: -A response variable is a type of dependent variable. It is the one that changes the results. Furthermore, a response variable is the expected effect, and it responds to explanatory variables.
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