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Linear Modelingmedium
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Consider three data points: (1,2)(1, 2)(1,2), (2,5)(2, 5)(2,5), and (3,5)(3, 5)(3,5). Find the regression line y^=β0+β1x\hat{y} = \beta_0 + \beta_1 xy^​=β0​+β1​x and determine the residual for the point (2,5)(2, 5)(2,5).