which-statement-best-describes-the-meaning-of-a-point-xy-x-haty-on-the-least-squ

Question

Which statement best describes the meaning of a point $(x, \hat{y})$ on the least-squares regression line?

Accepted Answer

Predicted value of $(x, \hat{y})$ for a given $x$ according to the regression equation

Answer

Observed value of $(x, \hat{y})$ for a given $x$

Answer

Average of all $(x, \hat{y})$ values in the dataset

Answer

Maximum value of $(x, \hat{y})$ for a given $x$

Which statement best describes the meaning of a point (x,y^) (x, \hat{y}) on the least-squares regression line?