Question
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The difference between the observed value and the predicted value...
The difference between the observed value and the predicted value for a particular variable (residual) can be used to estimate how far the prediction lies from the actual observed data. Consider that we know that this difference is 1.1 for a particular data point, y=2.1. What is the corresponding predicted value, ŷ? (only round final answer to 2 decimal places)
Answer & Explanation
Solved by verified expertAnswered by Eugene13 on coursehero.com
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Step-by-step explanation
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