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alexandr402 [8]
2 years ago
7

What is a fitted value for a multiple regression model and the data that is used to create it?

Mathematics
1 answer:
densk [106]2 years ago
4 0

Fitted value is a prediction of the mean response value.

According to the statement

we have to explain the fitted value for the regression model and the data which uses to collect the value.

So, For this purpose, we know that the  

A Fitted value is a statistical model's prediction of the mean response value when you input the values of the predictors, factor levels, or components into the model.

An the fitted value used in this model is called the predicted values of response variable in the case of multiple regression model.

And data which is used to create the fitted value is the simple data by which we create the fitted value by the predict the value of given data.

So, Fitted value is a prediction of the mean response value.

Learn more about Fitted value here

brainly.com/question/6592115

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An analyst for a large credit card company is going to conduct a survey of customers to examine their household characteristics.
zheka24 [161]

Answer:

We can conclude that the value of 1732 is a statistic who represent the sample selected. And the value of 1622 represent the population mean from all the customers with the previous data.

Step-by-step explanation:

Previous concepts

A statistic or sample statistic "is any quantity computed from values in a sample", for example the sample mean, sample proportion and standard deviation

A parameter is "any numerical quantity that characterizes a given population or some aspect of it".

Solution to the problem

For this case the analyst knows that from previous records that the mean for all the customers (that represent the population of interest) is \mu = 1622

He have a random sample of n =500 customers from the previous month and he knows that 1732 represent the sample mean for the selected customers calculated from the following formula:

\bar X = \frac{\sum_{i=1}^{500} X_i}{500}= 1732

So on this case we can conclude that the value of 1732 is a statistic who represent the sample selected. And the value of 1622 represent the population mean from all the customers with the previous data.

6 0
3 years ago
I need help on 14 and 15.
Savatey [412]

Answer:

14  one   15  6

Step-by-step explanation:

6 0
4 years ago
Frankie wanted to buy a new TV for his
Mars2501 [29]

Answer:

157.5

Step-by-step explanation:

when finding a percentage just take the percent in this case 35% and turn it into a decimal. in this case, the decimal would be 0.35. then just multiply the price and the percentage to get your answer. in this case the equation is 0.35x450=157.5

hope this helped.

5 0
3 years ago
Which expression represents the value of the series below?<br> 3+ 7 + 11 + 15 + ... + 1,671
torisob [31]

Answer:

Step-by-step explanation:

This is an Arithmetic Series with common difference 4 and first term 3

so the nth term an = 3 + (n -1)4

= 4n - 1.

The sum of n terms

= n/2 (a1 + L)

= n/2(3 + 1671)

=  837n.

There are (1671-3) / 4 + 1 = 418 terms in the series,

so the total value of the series is 837*418

= 349,866.

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4 0
2 years ago
Solve |2x-5|=4<br> Please helpppp
marin [14]
It should be x=9/2 and 1/2
6 0
3 years ago
Read 2 more answers
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