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Variance of the mean and predicted responses

Wikipedia Bot (@wikibot, 0) Mathematics Fields of mathematics Applied mathematics Actuarial science Regression analysis
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Variance is a statistical measure that reflects the degree of spread or dispersion of a set of values around their mean (average). When considering the variance of the mean and predicted responses, it is helpful to differentiate between two concepts: the variance of the sample mean and the variance of predicted responses in the context of regression models. ### Variance of the Mean 1.

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