question archive Confidence and Prediction Bounds in Regression  -- Explain how engineering decision-making is effected by the use of confidence and prediction bounds in regression analysis

Confidence and Prediction Bounds in Regression  -- Explain how engineering decision-making is effected by the use of confidence and prediction bounds in regression analysis

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Confidence and Prediction Bounds in Regression  -- Explain how engineering decision-making is effected by the use of confidence and prediction bounds in regression analysis. Don't just describe how to calculate the bounds. Use your knowledge of statistics to discuss the actual impact these factors have on our engineering.

 

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