When you compare how far the predicted values are from the actual or observed values, you are performing:
A) analysis of prediction
B) control
C) analysis of residuals
D) analysis of variance
E) analysis of values

Question

Quizplus · Accepted Answer

The process of comparing predicted values to actual or observed values and analyzing the differences between them is known as analysis of residuals. This is typically done to assess the accuracy and reliability of a statistical model, and to identify any sources of error or bias in the model. Options A, B, D, and E do not accurately describe this process.

When You Compare How Far the Predicted Values Are from the Actual