To model the relationship between y, a dependent variable, and x, an independent variable, a researcher has
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E(y) = β0 + β1x + β2x2
and it will pass exactly through all three points, yielding SSE = 0. The researcher, delighted with the excellent fit of the model, eagerly sets out to use it to make inferences. What problems will he encounter in attempting to make inferences?
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Related Book For
Statistics For Business And Economics
ISBN: 9780321826237
12th Edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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