Refer to the information provided in Table 36.3 below to answer the question(s) that follow.
Table 36.3
The data in the table was used to estimate the following consumption function: C = 20 + 0.2Y
-Refer to Table 36.3. The error for point D is equal to
A) -2.
B) -1.
C) +1.
D) +2.

Question

Refer to the information provided in Table 36.3 below to answer the question(s) that follow.
Table 36.3
  The data in the table was used to estimate the following consumption function: C = 20 + 0.2Y
-Refer to Table 36.3. The error for point D is equal to
A) -2. 
B) -1. 
C) +1. 
D) +2.

Quizplus · Accepted Answer

The error for point D is +1 because the actual value is 3 and the predicted value is 2.

Refer to the Information Provided in Table 36