For the data below:
(a)Determine the least squares regression line.
(b)Determine the predicted value for 2004.
(c)Determine the MAD.
(d)Determine the unadjusted forecasting MSE.
Definitions:
Categorization
The cognitive process of organizing information into meaningful groups or classes based on shared characteristics, which helps in understanding and processing the world around us.
Reaction Time
The duration it takes for an individual to respond to a stimulus.
Schemas
In psychology, schemas are cognitive structures that help individuals organize and interpret information, based on their accumulated knowledge and experience.
Intelligence
The capacity to learn, understand, and apply knowledge, solve problems, and adapt to new situations.
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