Which of the following are warnings that the textbook authors give regarding regression analysis?
A) It is complicated and requires large computer memory.
B) It does not give you cause-and-effect statements, and it is expensive to run.
C) It does not give you cause-and-effect statements, and you should not apply regression to predict data outside the boundaries of the data used to develop the regression model.
D) It is expensive, and you should not apply regression to predict data outside the boundaries of the data used to develop the regression model.
E) No warnings are given.

Question

Quizplus · Accepted Answer

The textbook authors warn that regression analysis does not provide cause-and-effect statements and should not be used to predict data outside the boundaries of the data used to develop the regression model. There is no mention of the complexity of regression analysis or the cost associated with running it. Therefore, options A, B, and D are incorrect. Option E is also incorrect as the textbook authors do provide warnings about regression analysis.

Which of the Following Are Warnings That the Textbook Authors