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Why is it considered risky and unreliable to use the regression formula to predict the dependent...

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Statistics

Why is it considered risky and unreliable to use the regressionformula to predict the dependent variable outside the range of theactual values of the independent variable is...

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In real life using values outside of the range of independent variable may be costly In regression we fir the model on past data and test the model using the present values of independent variable and    See Answer
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