Identify the missing word(s) in the following azure video

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dp-100-data-scientist-assoc video for identify the missing word(s) in the following sentence within the context of Microsoft Azure. Context: Machine learning is

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Identify the missing word(s) in the following sentence within the context of Microsoft Azure. Context: Machine learning is rooted in statistics and mathematics, making it essential to understand key terminology used by statisticians, mathematicians, and data scientists. The difference between a predicted label value and the actual label value can be considered a measure of error. However, in practice, actual values are derived from sample observations, which may be subject to random variance. To explicitly highlight the comparison between a predicted value (ŷ) and an observed value (y), we refer to the difference between them as the [____]. We can then summarize the [____] for all validation data predictions to calculate the overall loss in the model, providing a measure of its predictive performance. Question: Which word(s) correctly complete the sentence?