Which of the Following Statements Is False Regarding the Residuals

question 107

Multiple Choice

Which of the following statements is false regarding the residuals in simple linear regression model?

• A) They sum to 0.
• B) They have a mean of 0.
• C) They have a standard deviation of 1.
• D) None of these.
• E) All of these.

---

Definitions:

Skills Demand

The requirement by employers for specific skills or qualifications from the workforce to fulfill job roles.

Structural Unemployment

A form of unemployment caused by fundamental changes in the economy that reduce the demand for certain skills or labor.

Petroleum Refinery

A processing plant where crude oil is transformed into various usable petroleum products such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas.

Oil to Natural Gas

The transition or conversion from using oil as a primary energy source to using natural gas, often due to environmental, economic, or supply considerations.