Which of the Following Best Describes the Residuals in Regression

question 22

Multiple Choice

Which of the following best describes the residuals in regression analysis?

• A)The residuals are the difference between x data values observed and x predicted model values.
• B)The residuals are the difference between the actual slope and the predicted model slope.
• C)The residuals are the difference between the y data values observed and the predicted y model values.
• D)The residuals are the addition of the y data values observed and predicted model values.

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Definitions:

Inventories

Stocks of goods and materials that businesses maintain to meet customer demand without delays.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and notes receivable.

Local Governments

Entities responsible for governing areas smaller than a state or province, often focusing on municipal or regional issues.

Federal Government

The national government of a federal country, which shares sovereignty with the subnational governments (states, provinces, etc.).