Another name for the residual term in a regression equation is:
A) random error.
B) heteroscedasticity.
C) homoscedasticity.
D) pooled variances.
E) residual analysis.

Question

Quizplus · Accepted Answer

The residual term in a regression equation is also known as random error. It represents the variation in the dependent variable that cannot be explained by the independent variable(s) included in the model.

Another Name for the Residual Term in a Regression Equation