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6 Cards in this Set
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statement of what is believed will happen in the future made on the basis of past experience or prior observation...2 types?
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prediction
1) extrapolation 2) predictive modeling |
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_detects a pattern in the past
_uses relationships found among variables to make a prediction |
extrapolation
predictive modeling |
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__ are the errors: comparisons of predictions to actual values
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residuals
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predictive analysis technique in which one variable is used to predict the level of another by use of straight line formula
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bivariate regression analysis
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having more than one independent variable to predict a single dependent variable
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multiple regression
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shape of the dependent variable in multiple regression analysis
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regression plane
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