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    Statistical Error

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    It is sometimes argued that quantitative techniques such as multiple regression analysis, are of little value because they are always subject to error. Is this a valid argument? Carefully Explain.

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    No, this is not a valid argument. There is a difference between error due to poor reasoning or faulty methods, and statistical error due to chance.

    The "error" that is associated with quantitative statistical methods refers to the fact that real-life data will never fit a mathematical model ...