Question: Is the following statement true or false? If false, explain briefly. We write ModifyingAbove y with caret to denote the predicted values and y to

Is the following statement true or false? If false, explain briefly. We write ModifyingAbove y with caret to denote the predicted values and y to denote the observed values. Question content area bottom Part 1 Choose the correct answer below. A. The statement is false because y denotes the predicted values and ModifyingAbove y with caret denotes the observed values. B. The statement is false because y overbar denotes the predicted values and y denotes the observed values. C. The statement is true. D. The statement is false because ModifyingAbove y with caret denotes the predicted values and y overbar denotes the observed values

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