When we take the observed values of X to estimate or predict corresponding Y values,the process is called ____.
A) Chi-square statistic
B) simple prediction
C) multiple regression
D) proportional reduction in error
E) prediction and confidence bands

Question

Quizplus · Accepted Answer

This process is commonly known as simple linear regression, which uses the observed values of one variable (X) to predict the corresponding values of another variable (Y). The other options listed involve more complex statistical methods and are not directly related to this process.

When We Take the Observed Values of X to Estimate