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Point out the correct statement.(a) A standard error is needed to create a prediction interval(b) The prediction interval must incorporate the variability in the data around the line(c) Investors use the residual variance to measure the accuracy of their predictions on the value of an asset(d) All of the mentionedI have been asked this question in unit test.This interesting question is from Residual Variation and Multivariate in chapter Statistical Inference and Regression Models of Data Science

Answer» CORRECT answer is (d) All of the mentioned

The best explanation: In statistics, EXPLAINED variation MEASURES the proportion to which a mathematical model accounts for the variation of a GIVEN DATA set.


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