Slides Module 4 Lesson 2

Linear Regression for Business Statistics
Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm?

Predict the weight of a male Olympian with a height of 177 cm? =74.72 Kg
Confidence interval for beta coefficients

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

compared to a Female Olympian, all other variables kept at the same level.



95% Confidence interval for β1 coefficient: [4.37, 6.69]






Margin of error: 5.53 +/- 1.16

 This is based on a sample.
 A slightly different sample would give us a different prediction.
 We can construct a confidence interval for this prediction.

 We can construct a confidence interval for this prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error



Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)






95% Confidence interval for the prediction: [55.37, 94.06]





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Linear Regression for Business Statistics

Confidence interval for the predicted value. (Height and Weight.xlsx)

Predict the weight of a male Olympian with a height of 177 cm?

Confidence interval for beta coefficients

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

Estimated value for β1 coefficient: 5.53

On average, a Male Olympian has weight that is 5.53 Kilogram more as

Estimated value for β1 coefficient: 5.53

Margin of error: 5.53 +/- 1.16

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can construct a confidence interval for this prediction.

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can construct a confidence interval for this prediction.

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- margin of error

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)

 This is based on a sample.

 A slightly different sample would give us a different prediction.

 We can also construct a confidence interval for this prediction.

Predicted value +/- |T.INV(/2, residual df)|*(std error of regression)

 This is based on a sample.

 A slightly different sample would give us a different prediction.