This is all I’ve been able to come up with. I will happily accept another answer if there is a less manual method of doing this.
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In Android studio I replace every dependency version with a plus example:
compile 'namespace:package1:+'
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Sync or build the project which will cause all the dependencies to be resolved to their latest version.
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In Android Studio place the cursor on each dependency line in build.gradle and press alt+enter a menu pops up and you can select Replace with specific version