What Is the Distance Between Each Data Point and the Regression

question 69

Multiple Choice

What is the distance between each data point and the regression line called?

• A)error in prediction
• B)standard error of the estimate
• C)standard deviation
• D)standardized error

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Definitions:

Global Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, operating globally and influenced by market forces.

Communist Countries

Nations that practice or claim to practice a system of government based on the collective ownership of property and the organization of labor for the common advantage of all its members.

North Atlantic Treaty Organization

An intergovernmental military alliance between 30 North American and European countries.

1949

The year notable for several historical events, including the formation of NATO and the conclusion of the Chinese Civil War with the Communist Party of China taking control of Mainland China.