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Assuming you have a prediction model for the response and the standard deviation of the
response, it would be possible to create a prediction model for the Z-Value of the response ?
(Ture or False)"
Solution
yes If the goal is prediction, or forecasting, linear regression can be used to fit a
predictive model to an observed data set of y and X values. After developing such a model, if an
additional value of X is then given without its accompanying value of y, the fitted model can be
used to make a prediction of the value of y

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pAssuming you have a prediction model for the response and the sta.pdf

  • 1. Assuming you have a prediction model for the response and the standard deviation of the response, it would be possible to create a prediction model for the Z-Value of the response ? (Ture or False)" Solution yes If the goal is prediction, or forecasting, linear regression can be used to fit a predictive model to an observed data set of y and X values. After developing such a model, if an additional value of X is then given without its accompanying value of y, the fitted model can be used to make a prediction of the value of y