Based on 1337 data points, the following equation was estimated using OLS. From this fragment of data below, calculate the predicted/fitted value for the 445 data point. (3 significant digits in final answer): Ghat 25.4 +2.1W Observation 443 444 445 IG 92 144 97 24 30 30
Based on 1337 data points, the following equation was estimated using OLS. From this fragment of data below, calculate the predicted/fitted value for the 445 data point. (3 significant digits in final answer): Ghat 25.4 +2.1W Observation 443 444 445 IG 92 144 97 24 30 30
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Based on 1337 data points, the following equation was estimated using OLS.From this fragment of data below, calculate the predicted/fitted value
for the 445" data point. (3 significant digits in final answer): Ghat = 25.4 + 2.1W
Observation
443
444
445
92
144
97
24
30
30
Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fd5f2a9-ec19-4cd5-a325-f5b229af9fb2%2F79baf681-7859-4c32-9a23-d6011eb8bc6c%2Fqg9mwir_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Based on 1337 data points, the following equation was estimated using OLS.From this fragment of data below, calculate the predicted/fitted value
for the 445" data point. (3 significant digits in final answer): Ghat = 25.4 + 2.1W
Observation
443
444
445
92
144
97
24
30
30
Answer:
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