If we have taken into account all relevant explanatory factors, the residuals from a multiple regression should be random.

Name: If we have taken into account all relevant explanatory factors, the residuals from a multiple regression should be random.
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Question

Quizplus · Accepted Answer

If all relevant explanatory factors have been included in the model, the residuals should reflect only random variation and should not show any pattern or systematic variation.

If We Have Taken into Account All Relevant Explanatory Factors