Q. 4.124 - Elementary Statistics

Question

A value of $r$ close to $0$ indicates that the regression equation is either useless or ----- for making predictions.

Step-by-Step Solution

Answer

Poor

Step 1: Given information

To determine the blank in the given statement.

Step 2: Explanation

The regression equation is worthless or ineffectual for making data predictions if the value of $r$ approaches $0$.

If $r$ is near to $0$, the regression equation is either useless or inefficient at making predictions.