The OLS Residuals in the Multiple Regression Model

question 4

Multiple Choice

The OLS residuals in the multiple regression model

• A)cannot be calculated because there is more than one explanatory variable.
• B)can be calculated by subtracting the fitted values from the actual values.
• C)are zero because the predicted values are another name for forecasted values.
• D)are typically the same as the population regression function errors.

---

Definitions:

OAS Benefits

Monthly payments provided by the government to eligible individuals who are 65 years of age or older, as part of the Old Age Security program in Canada.

Population Density

A measure of the number of individuals living in a unit area, usually per square kilometer or mile, indicating how crowded an area is.

Square Kilometres

A unit of area measurement equal to a square that is one kilometer on each side.

Canada's Land Area

The total surface area occupied by Canada, making it the second-largest country in the world by land area.