The difference between the observed value of the dependent variable and the value predicted by using the estimated regression equation is the
A)standard error
B)residual
C)prediction interval
D)variance

Question

Quizplus · Accepted Answer

The difference between the observed value of the dependent variable and the value predicted by using the estimated regression equation is called the residual. The residual represents the part of the dependent variable that is not explained by the independent variable(s) in the regression model. The other options (standard error, prediction interval, and variance) are related to regression analysis but do not specifically refer to the difference between observed and predicted values.

The Difference Between the Observed Value of the Dependent Variable