Can anyone help me? :o

How can you use a line of best fit for a set of data to make predictions about an unknown value. the correlation coefficient for your data set is -0.015. How confident can you be that your predicted value will be reasonably close to actual value?

Question

Can anyone help me? :o

How can you use a line of best fit for a set of data to make predictions about an unknown value. the correlation coefficient for your data set is -0.015. How confident can you be that your predicted value will be reasonably close to actual value?

yesseniam1 · Answer

@pooja195

yesseniam1 · Answer

@imqwerty

♪chibiterasu · Answer

Line of best fit just assumes that if the current pattern keeps going constantly, you can use it to predict what will happen after a while or when you use a certain value. It's not always accurate because any circumstance can change it and the line of best fit won't apply anymore since the pattern changed.

♪chibiterasu · Answer

You can predict that it's close to the actual value simply by saying that you're just following the pattern, but remember, anything can change it.

yesseniam1 · Answer

That makes sense. Thank you! :D