The Residual Represents the Discrepancy Between the Observed Dependent Variable

question 143

Short Answer

The residual represents the discrepancy between the observed dependent variable and its _____ value.

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Definitions:

Economic Concerns

Issues or problems relating to the economy, including unemployment, inflation, and economic policy.

Proportion

A fraction or percentage that represents a part of a whole or a total.

Test

An examination or evaluation conducted to determine the presence, quality, or truth of a specific characteristic, hypothesis, or condition.

Degrees Of Freedom

The number of values in a statistical calculation that are free to vary.