Here is a scatterplot showing the regression line 95 confidence
Here is a scatterplot showing the regression line, 95% confidence intervals, and 95% prediction intervals, using 2011 and 2012 male unemployment data for a sample of 33 nations. The response variable is the 2012-Male Rate, and the predictor variable is the 2011- Male Rate.
a) Explain the meaning of the 95% prediction intervals in this context.
b) Explain the meaning of the 95% confidence intervals in this context.
c) Using a statistics program, identify any unusual observations and discuss their potential impact on the regression.
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