Suppose that we are fitting a straight line and wish to make the standard error of the

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Suppose that we are fitting a straight line and wish to make the standard error of the slope as small as possible. Suppose that the "region of interest" for $x$ is $-1 \leq x \leq 1$. Where should the observations $x_{1}, x_{2}, \ldots, x_{n}$ be taken? Discuss the practical aspects of this data collection plan.

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Introduction To Linear Regression Analysis

ISBN: 9781119578727

6th Edition

Authors: Douglas C. Montgomery, Elizabeth A. Peck, G. Geoffrey Vining

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