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6 Cards in this Set

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statement of what is believed will happen in the future made on the basis of past experience or prior observation...2 types?
prediction

1) extrapolation
2) predictive modeling
_detects a pattern in the past

_uses relationships found among variables to make a prediction
extrapolation

predictive modeling
__ are the errors: comparisons of predictions to actual values
residuals
predictive analysis technique in which one variable is used to predict the level of another by use of straight line formula
bivariate regression analysis
having more than one independent variable to predict a single dependent variable
multiple regression
shape of the dependent variable in multiple regression analysis
regression plane