Mean and Actual Responses

Discussion in 'CT3' started by sfischer, Mar 14, 2013.

  1. sfischer

    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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