What is a fitted value for a multiple regression model and the data that is used to create it? Select one.

Question 5 options:

1.It is the difference between the actual value of the response variable and the corresponding predicted value (regression error) using the multiple regression model.

2.It is a statistic that explains the relationship between response and predictor variables.

3.It is the predicted value of the response variable using the multiple regression model.

4.It is a statistic that is used to evaluate the significance of the multiple regression model.