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Mean and Actual Responses

S

sfischer

Member
In correlation and regression, it uses the example of the expected payment CI of (392,452) and the predicted actual payment CI of (353,492). It makes sense, I believe, why the expected payment CI would be narrower since it is an average. I am just trying to think in what real life example you would use one vs the other. If anyone has an example that would be helpful.

Thanks,

Stewart.
 
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