Question: Using data on credit card clients, you run a regression to predict a client's average bill amount. Use the output below to answer the following
Using data on credit card clients, you run a regression to predict a client's average bill amount. Use the output below to answer the following questions. Note: Average Bill Amount and Credit Limit are both measured in dollars. Which of the following is the correct interpretation of this model's standard error? Question 16 options: Our predictions of Average Bill Amount are off by an average of $2011.40. Our predictions of Average Bill Amount are off by an average of 2011.40%. Our predictions of Average Bill Amount are always off by $2011.40. Our predictions of Credit Limit and Age are off by an average of $2011.40
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