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, .
True false question.
- True
- False
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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