At what values of x₀ will the standard error of the forecast be smallest? A)x₀ = 0 B)x₀ =x̅ C)x₀² = $\sigma$² D)x₀ = t_c se(f)

Name: At what values of x 0 will the standard error of the forecast be smallest? A)x 0 = 0 B)x 0 =x̅ C)x 0 2 = $\sigma$ 2 D)x 0 = t c se(f)
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Quizplus · Accepted Answer

The standard error of the forecast is smallest at the mean value of x (x̅), because the distances from the mean to the points in the dataset are minimized, reducing the variability that the standard error measures.

At What Values of X0 Will the Standard Error of the Forecast

At What Values of X₀ Will the Standard Error of the Forecast