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Regression error

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Is there error inherent in using correlation & regression? Explain. Discuss the notion that correlation does NOT necessarily mean causation, but two variables that ARE known to be causally related will be correlated.

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Solution Summary

The expert determines if there is error inherent in using correlation and regression.

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Yes, linear regression and correlation are inherently erroneous processes. The least squares regression line, as explained above, is simply the line that would give the least amount of error. In no way can it predict the exact value of ...

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