Refer to Problem 16.24. Suppose, when testing for the appropriateness of the fitted model, the standard errors

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Refer to Problem 16.24. Suppose, when testing for the appropriateness of the fitted model, the standard errors are
Sa1 = 0.45 Sa2 = 0.35 Sa3 = 0.15
a. What conclusions can you reach?
b. Discuss how to proceed if forecasting is still your main objective.
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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