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Compute the Sum of Squared Residuals
-The regression line for the given data is . Determine the residual of a data point for which 65 and .
Trend Model
A statistical model that captures the underlying trend of a dataset by considering the long-term progression of data points.
Annual Time-Series
Data collected or recorded at regular intervals over a year, used in statistical analysis and forecasting.
Exponential Smoothing
A weighted moving average technique that applies decreasing weights to older data points, used for time-series data analysis.
Recent Data
Recent Data refers to the latest or most contemporary data available in a dataset, useful for making current analyses or predictions.
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