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LOS 7.h: Calculate the predicted value for the MODULE 7.4: PREDICTING DEPENDENT VARIABLES & CONFIDENCE INTERVALS
dependent variable, given an estimated regression
model and a value for the independent variable.
Predicted values are values of the dependent variable based on the estimated regression coefficients and a prediction about
the value of the independent variable. They are the values that are predicted by the regression equation, given an estimate of
the independent variable. For a simple regression, the predicted (or forecast) value of Y is: