Which of the following statements is true about residuals? If all of the statements are true choose (d).
A)The residual can be computed by finding the difference between the deterministic component and the random component of the regression model.
B)The residual can be found by finding the difference between the actual observed value and the predicted value of the dependent variable.
C)The residual can be found by finding the difference between the actual observed value and the predicted value of the independent variable.
D)All of the above are true.

Question

Quizplus · Accepted Answer

Residuals in regression analysis are calculated as the difference between the actual observed values of the dependent variable and the values predicted by the regression model. Statements A and C are incorrect because residuals do not involve separating deterministic and random components of the model or differences involving the independent variable's values.

Which of the Following Statements Is True About Residuals? If