![]() In this post, I'll look into what causes this problem and potential solutions. Hogarth*, who study behavioral decision-making, found that even experts are frequently tripped up when making decisions based on applied regression models. How regression results are presented can lead decision-makers to make bad choices. In either case, there’s a good chance a costly mistake is about to occur! Or perhaps you’re the boss, using applied regression models to make decisions. Imagine that you’ve studied an empirical problem using linear regression analysis and have settled on a well-specified, actionable model to present to your boss.
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