In a regression analysis,the actual values of Y may be found above or below the regression line.These deviations are called the _____.
A) standard deviation
B) error term
C) variance
D) standard error of the mean
E) slope

Question

Quizplus · Accepted Answer

The deviations of actual values of Y from the regression line are called the error term. This term represents the variability in Y that cannot be explained by the model and is also known as the residual error or residual. Therefore, option B is the correct answer. The other options are not correct as standard deviation, variance, and standard error of the mean are measures of variability or precision, while slope is the rate of change in the dependent variable Y for a unit change in the independent variable X.

In a Regression Analysis,the Actual Values of Y May Be