The difference between the observed and predicted value of the response variable is a_____
A) residual
B) variance
C) standard error of the estimate
D) test statistic

Question

Quizplus · Accepted Answer

The difference between the observed and predicted value of the response variable is known as a residual. This measures the error in any prediction model, indicating how far off a prediction is from the actual observed outcomes.

The Difference Between the Observed and Predicted Value of the Response