STAT 301 - Business Statistics
Lecture Review #31 - Regression Misapplications

Review questions:

1) "Correlation does not imply causality." Explain. Give an example to illustrate.

2) What is a spurious correlation?

3) What is regression to the mean? Give an example to illustrate.

4) Give an example where extrapolation beyond the relevant range of the data in a regression model leads to an impossible or ridiculous conclusion.