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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:

Stacey M
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  • Your two screenshots have different parameter estimates. Also, the CIs you are screenshotting here do not pertain to prediction, but to model fitting. – Stephan Kolassa Jun 18 '20 at 19:10
  • Thanks. Can you explain how to think about confidence intervals for model fitting. I'm not really sure what to make of it. – Stacey M Jun 18 '20 at 20:32
  • 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. – Stephan Kolassa Jun 19 '20 at 05:39

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