Using a regression equation to predict a value will always lead to highly accurate predictions.

Question

Quizplus · Accepted Answer

While regression analysis can be a useful tool for predicting values, it is not always guaranteed to be highly accurate. The accuracy of the predictions will depend on factors such as the quality of the data used to develop the regression equation, the validity of the assumptions underlying the regression model, and whether the model is appropriate for the specific data being analyzed.

Using a Regression Equation to Predict a Value Will Always