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diferece between ratio and regression

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Q: What is the difference between ratio estimation and regression estimation?
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What does f statistic mean?

The F-statistic is a test on ratio of the sum of squares regression and the sum of squares error (divided by their degrees of freedom). If this ratio is large, then the regression dominates and the model fits well. If it is small, the regression model is poorly fitting.


What does a large F-statistic mean?

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If the regression sum of squares is large relative to the error sum of squares is the regression equation useful for making predictions?

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