I am a day trader based in INDIA. I use R for my research.
I have simple question: Does the predict() function in R in linear regression model take into account the residuals?
Or it just calculates the new value from the fitted coefficients of the formula, as got from the lm model?
I could have looked into the code of predict() function but I thought I could get more insightful answer from experts in this mailing list...
very many thanks for your time and effort....
AKSHAY M KULKARNI