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True or false: When predicting the value of y, given x, we use a value of 1 for the error term, ε.True false question.TrueFalse

Question

True or false: When predicting the value of y, given x, we use a value of 1 for the error term, ε \varepsilon .

True false question.

  • True
  • False
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Solution

To answer the question, we need to determine whether we use a value of 1 for the error term, ε, when predicting the value of y given x.

The correct answer is False.

When predicting the value of y, we do not use a fixed value of 1 for the error term. The error term, ε, represents the variability or randomness in the relationship between x and y. It is typically assumed to follow a normal distribution with a mean of 0 and a certain standard deviation. The actual value of the error term can vary for different observations and is not fixed at 1.

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