When the r-square value is low the ci plots about

Reference no: EM13241373

Calculate the confidence intervals about a regression line. My data is log transformed and has high R-square value for what is called "power" equation in Excel. My CI's are narrow at the top of the graph and very wide near the bottom. Can I use the "standard" method used to calculate CI about a linear regression curve for the log transformed data and apply it to the power equation? My CI calculation used is

CI = t*SYX*SQRT(1/n+(X-XAVG)^2/SS

When I have a CI envelope that is narrow at top and very wide at the bottom of the regression line what does that mean?

Interestingly, when the R-square value is low the CI plots about the regression line make a much more "palatable" envelope. This may be because both the curves generated from linear and power equations have slopes and similar r-squares.

Reference no: EM13241373

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