The residual is
A) the difference between the observed value of the dependent variable and the observed value of the independent variable.
B) the difference between the observed value of the dependent variable and the predicted value of the dependent variable.
C) the difference between the predicted value of the dependent variable and the predicted value of the independent variable.
D) the difference between the predicted value of the independent variable and the observed value of the independent variable.
Correct Answer:
Verified
Q4: The term "goodness-of-fit" refers to
A)the accuracy of
Q5: In simple linear regression analysis,the independent variable
Q6: The estimated slope coefficient is
A)the estimated
Q7: Suppose you determine the estimated sample
Q8: The explained variation in y is
A)the distance
Q10: Suppose you determine the estimated sample
Q11: A marginal effect indicates
A)the predicted value of
Q12: The residual is
A)the vertical distance between the
Q13: We determine the estimated sample regression function
Q14: The estimated intercept
A)is the estimated marginal
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