The farther out into the future that we project the regression trend line, the less reliable the forecasted value will be.

Name: The farther out into the future that we project the regression trend line, the less reliable the forecasted value will be.
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Question

Quizplus · Accepted Answer

As we project further into the future, the uncertainty associated with the forecasted values increases due to potential changes in underlying patterns, variables not included in the model, and random fluctuations, making the forecast less reliable.

The Farther Out into the Future That We Project the Regression