The Best Linear Prediction Rule Is the One That Has

question 3

Multiple Choice

The best linear prediction rule is the one that has the least

• A)error when predicting from the mean.
• B)squared error when predicting from the mean.
• C)error when predicting using that rule.
• D)squared error when predicting using that rule.

---

Definitions:

Agency Relationship

A relationship in which one party (the agent) agrees to act for or on behalf of another party (the principal), typically in business transactions.

Operation Of Law

The automatic application of law to certain actions and circumstances without the need for an agreement or court action.

Agency Relationship

An agency relationship is a legal arrangement in which one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions.

Power Given As Security

Refers to a legal arrangement where authority or control over assets is given to someone as a form of security for a debt or obligation.