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How would the meaning of the confidence coefficient change if the predictor variable were considered a...

How would the meaning of the confidence coefficient change if the predictor variable were considered a random variable?

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Answer #1

A confidence coefficient or also called as confidence level determines how confident we are to get the same results if we keep repeating the statistical test

If the predictor variable is a random variable then a single confidence cofficient will have little meaning because of the variable nature of this random variable the coefficients value will be in a particular range or it could be far away from the range.

The confidence coefficient will have a confidence interval rather than one specfic value

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