There is more error in estimating a mean value of y as opposed to predicting an individual value of y.

Name: There is more error in estimating a mean value of y as opposed to predicting an individual value of y.
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Quizplus · Accepted Answer

Estimating a mean value of y typically has less error compared to predicting an individual value of y because the mean estimate benefits from the law of large numbers, reducing the impact of random fluctuations present in individual predictions.

There Is More Error in Estimating a Mean Value of Y