The OLS residuals, i,are sample counterparts of the population
A)regression function slope
B)errors
C)regression function's predicted values
D)regression function intercept

Question

The OLS residuals,  i,are sample counterparts of the population
A)regression function slope 
B)errors 
C)regression function's predicted values 
D)regression function intercept

Quizplus · Accepted Answer

OLS residuals represent the difference between the observed dependent variable values and the predicted values based on the regression equation. Therefore, they are the sample counterparts of the population errors, which are the differences between the actual dependent variable values and the predicted values based on the population regression equation.

The OLS Residuals, I,are Sample Counterparts of the Population