Each month a bank adjusts the initial interest rate it offers to customers who wish to open a new high-yield savings account. The bank might offer an initial interest rate of 8%. The bank wants to predict the average daily number of new accounts to expect per day if the interest rate is 8%. Should the regression line be used for this prediction?

Answer rating: 100% (QA)

No the regression line should not be used for this prediction The regression line is a mathematical ... View the full answer