Asked by Dariush Danowski on Jul 17, 2024
Verified
The difference between the observed value of the dependent variable and the value predicted using the estimated regression equation is the
A) standard error.
B) residual.
C) prediction interval.
D) variance.
Observed Value
The actual value measured or recorded during an experiment or survey.
Dependent Variable
In an experiment, the dependent variable is the variable that is being tested and measured, and is 'dependent' on the independent variable.
Residual
The difference between the observed value and the estimated value of the quantity of interest.
- Grasp the concept of residuals and their importance in regression analysis.
Verified Answer
KP
Kaina PasteurJul 20, 2024
Final Answer :
B
Explanation :
The difference between the observed value of the dependent variable and the value predicted using the estimated regression equation is called the residual.
Learning Objectives
- Grasp the concept of residuals and their importance in regression analysis.
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