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In: Statistics and Probability

How much "statistical significance" do you need to feel confident in regression results? What could potentially...

How much "statistical significance" do you need to feel confident in regression results? What could potentially affect those results and make them misleading, i.e., appear to be stronger than they are? Explain, discuss.

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Expert Solution

Pq Noro - Answer The potential affect those results and make them misleading The result of regression is essential that the result should be around 95% confidence level, There can be two situations that can be related to the regression analysis, if the outcome is under specified or over specified In both the situations, the model would yield a biased result or inflated standard erson in the Prediction that will further widen the confidence -Come level for the analysis


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