For prediction intervals, an important inference assumption is a constant residual standard deviation of y values at
Question:
a. Sketch a hypothetical scatter-plot for which this happens, using observations for the previous year on x = family income and y = amount donated to charity.
b. Explain why a 95% prediction interval would not work well at very small or at very large x values.
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a Each students scatterplot will be different but should show less variability on y ...View the full answer
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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