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22-09-2022
Business

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How does the estimate of the mean response used in the calculation of the confidence interval for the mean response compare to the predicted value used in the calculation of the prediction interval for an individual response? when you answer this question assume that the same estimated model is used in both cases and the same value of the explanatory variable is used to calculate the prediction interval and the confidence interval.

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Hi. In here all you have to do is read the text and answer the questions. Thank you