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1 point S We are interested in how the CPI is predicted by housing prices. We take data from 1963-2021 and estimate the regression equation

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1 point S We are interested in how the CPI is predicted by housing prices. We take data from 1963-2021 and estimate the regression equation as 1? : 37.64 + .58 * Xi, where Y is CPI and X is the mean housing price for any given year (measured in thousands). In 2022, the mean housing price is $540,000 The true value for CPI is found to be 325. What is the absolute value of the forecast error for our prediction? 0 26.36 25.84 0 37.64 0.58

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