In regression analysis,we expect prediction error or ( - Y)does not equal zero.

Question

In regression analysis,we expect prediction error or (  - Y)does not equal zero.

Quizplus · Accepted Answer

In regression analysis, we do not expect the prediction error to be exactly zero. This is because there is always some degree of variability or randomness in the relationship between the predictor variables and the response variable. Therefore, we expect the prediction error to be non-zero and strive to minimize it through various techniques such as least squares regression.

In Regression Analysis,we Expect Prediction Error or ( -