D | Question 21 4 pts Mark whether the following statements are either True or F

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D | Question 21 4 pts Mark whether the following statements are either True or False statements Extrapolation is the term used for when a regression model is used to predict the value of the dependent variable for values of the x's that fall outside the range of the data that has been collected. For example, we predict the value of a 4000 square foot home when the sizes of homes in our data set range between 1500 and 3000 square feet. True False 4 pts Question 22 Mark whether the following statements are either True or False statements When model building in a regression analysis, there is a chance that we will conduct more than one Global F-test as we build down to our best model. True False F7 oo a FS F3

Explanation / Answer

1 a yes it is true , extrapolation is used for predicting values outside the given x range and interpolation is used to predict within range

2 yes it is true for every model we need to have global f test for checking the significance of the model

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