1
$\begingroup$

Using the Carseats dataset in R, predicting the Sales of carseats (Unit sales (in thousands)) using price and US (sold in US, not sold in US). How would I interpret the confidence interval in words? Thanks

Summary of Regression Line:

Confidence Interval:

Improve this question
$\endgroup$
3
  • $\begingroup$ Your two screenshots have different parameter estimates. Also, the CIs you are screenshotting here do not pertain to prediction, but to model fitting. $\endgroup$
    – Stephan Kolassa
    Jun 18, 2020 at 19:10
  • $\begingroup$ Thanks. Can you explain how to think about confidence intervals for model fitting. I'm not really sure what to make of it. $\endgroup$
    – Stacey M
    Jun 18, 2020 at 20:32
  • $\begingroup$ Have you looked at the duplicate? There is a lot of information about CIs out there. Please be more explicit as to what you do not understand. $\endgroup$
    – Stephan Kolassa
    Jun 19, 2020 at 5:39

0

Reset to default