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Point out the correct statement.

a) A standard error is needed to create a prediction interval
b) The prediction interval must incorporate the variability in the data around the line
c) Investors use the residual variance to measure the accuracy of their predictions on the value of an asset
d) All of the mentioned

Answer: d
Explanation: In statistics, explained variation measures the proportion to which a mathematical model accounts for the variation of a given data set.

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