Research Assignment Extrapolation and Regression Equations

Extrapolation and Regression Equations
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Q: Address the issue of extrapolation and using regression equations toforecast far into the future. Explain the dangers of extrapolation from an accuracy standpoint and an ethical viewpoint. Use Biblical principles where appropriate. Extrapolation and using regression equations
Extrapolation refers to the process of using the regression equations to predict values that are outside the range of the observed data (Utts &...