Which of the following is true about the observed errors associated with estimating the value of the dependent variable using the regression line?
A) They are the horizontal distances between slopes and y-intercepts.
B) The errors are also referred to as critical values.
C) They are always maximized by the regression lines.
D) The errors can be negative or positive.

Question

Quizplus · Accepted Answer

The observed errors can be negative or positive and represent the vertical distances between the actual values of the dependent variable and the predicted values on the regression line. Option A is incorrect because it describes the formula for calculating the distance between two points, not the errors associated with regression. Option B is incorrect because critical values pertain to hypothesis testing, not regression analysis. Option C is incorrect because maximizing errors would not be a desirable outcome in regression analysis.

Which of the Following Is True About the Observed Errors