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You are interested in predicting the price of Bitcoin in CAD, and so you collect data on the daily Bitcoin to CAD exchange rate.
You are interested in predicting the price of Bitcoin in CAD, and so you collect data on the daily Bitcoin to CAD exchange rate. You use yesterday's price as an explanatory variable for today's price and fit a linear regression model to this data, with the equation calculated to be: Today's Price = 10 + 1.05* Yesterday's Price If Bitcoin's price was $30,000 yesterday, what does the linear regression predict as today's price? $30,000 $30,010 $45,010 $31,510
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Statistics Unlocking The Power Of Data
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
1st Edition
0470601876, 978-0470601877
