In a regression analysis, if the predicted value of y is 5 and the corresponding observed...

Question

Question

In a regression analysis, if the predicted value of y is 5 and the corresponding observed value of y is 7, the residual (error) equal to 2.

TRUE OR FALSE ?

math Statistics-And-Probability

Answer 1

Answer #1

True.

The resudial(e) is the difference between the predicted value (ŷ) and the observed value.

Residual = Observed value – predicted value
e = y – ŷ = 7 - 5 = 2

Answer 2

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