Which of the following statements is true?
A)When using a simple linear regression analysis model for prediction purposes,the potential error in the forecast will be less when the value of x used to forecast y is closer to .
B)The accuracy of the regression forecast is improved if the standard error for the regression slope coefficient is reduced.
C)The use of regression analysis as a means of predicting the value for a dependent variable is not impacted by sampling error since the regression model uses all sample data to arrive at the regression model.
D)None of the above.

Question

Which of the following statements is true?
A)When using a simple linear regression analysis model for prediction purposes,the potential error in the forecast will be less when the value of x used to forecast y is closer to . 
B)The accuracy of the regression forecast is improved if the standard error for the regression slope coefficient is reduced. 
C)The use of regression analysis as a means of predicting the value for a dependent variable is not impacted by sampling error since the regression model uses all sample data to arrive at the regression model. 
D)None of the above.

Quizplus · Accepted Answer

The Answer of Which of the following statements is true?
A)When using a simple linear regression analysis model for prediction purposes,the potential error in the forecast will be less when the value of x used to forecast y is closer to . 
B)The accuracy of the regression forecast is improved if the standard error for the regression slope coefficient is reduced. 
C)The use of regression analysis as a means of predicting the value for a dependent variable is not impacted by sampling error since the regression model uses all sample data to arrive at the regression model. 
D)None of the above.

Which of the Following Statements Is True