This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: (8607, 17783) Values of Predictors for New Observations New Obs age 1 4.00 F) 95% Prediction Interval for the Price of a 4YearOld Car: (8607, 17783) Predicted Values for New Observations New Obs Fit SE Fit 95% CI 95% PI 1 13195 249 (12701, 13690) (8607, 17783) Values of Predictors for New Observations New Obs age 1 4.00 95% Prediction Interval for the Price of a 10YearOld Car: (28, 9593) Predicted Values for New Observations New Obs Fit SE Fit 95% CI 95% PI 1 4811 724 (3372, 6249) (28, 9593)X X denotes a point that is an outlier in the predictors. Values of Predictors for New Observations New Obs age 1 10.0 G) These prediction intervals are similar to each other because both are wider compared to the confidence intervals. For instance the width of the 4 Year Old Car is 9176, and the width of the 10 Year Old Car is 9565. Also, the predicted intervals share the same midpoints with their respected confidence interval of the specific year....
View
Full Document
 Winter '05
 staff
 Statistics, Regression Analysis, used car, Prediction interval, new observations

Click to edit the document details